Subaru Wrx Transmission on 2040-parts.com

Video: Preview Russo and Steele's auction at Monterey

Monterey weekend is more than just cars on golf courses during the Pebble Beach Concours d'Elegance--there is plenty of auction action, too. Here's a video preview of Russo and Steele's auction with Autoweek digital editor Andrew Stoy and Hagerty's Rob Sass. The Monterey Week is packed with car shows, vintage racing and car auctions.

Daimler to build a fifth Mercedes-Benz model at its Alabama plant

Daimler AG said it will invest $350 million to produce a fifth Mercedes-Benz model at its factory in Vance, Ala., starting in 2015. The investment will create an additional 400 jobs at the plant. The company did not provide details about the additional vehicle.

Kia to launch a new range-topping V8 saloon dubbed K9

Kia will build their rumoured rear-wheel drive V8 saloon - but it won't come to the UK, sources in Korea have confirmed to CAR.Following the domestic badge hierarchy, this new range-topper would logically be called the K9. Perhaps that dog-inspired badge may explain why the car won’t come to Europe, but US sales are expected.  Kia’s new range-topper: the ‘K9’ The new large Kia saloon was scheduled to be shown in 2011, but it has now been pushed back to a 2012 launch. The new saloon would sit above the front-drive 3.5-litre V6 K7/Cadenza saloon in the Kia line-up. CAR understands the new exec will be ready by May 2012.   The K9 represents the first application of sister brand Hyundai's rear-drive technology from the Genesis and Equus. Expect Hyundai's 'Tau' V8 engine under the bonnet, along with the upcoming eight-speed automatic transmission which arrived in the Genesis R-Spec saloon at the 2011 Chicago auto show.