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News watch May 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first.  (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.

Cadillac CTS-V Coupe (2011) revealed

First Official photos of the Cadillac CTS-V Coupe We got confirmation that the CTS-V Coupe was going to be built just a couple of days before GM revealed the CTS Coupe. And now we have the reveal of the first pictures from Cadillac of the 2011 Cadillac CTS-V Coupe ahead of the official reveal at the Detroit Motor Show this month. No surprises in store – except perhaps just how good it looks – with its 6.2 litre, 556 bhp V8 almost defying resistance by hurtling the not inconsiderably-sized CTS-V Coupe to 60mph in 3.9 seconds.

2013 Ford Mondeo: Price cuts & new models

That means a simplified lineup for the new Mondeo and the introduction of a cheaper entry-level model – the Mondeo Graphite – and a new model at the top end – the Titanium X Business Edition – with more equipment and a lower price. The Mondeo Graphite comes with 17″ alloys, sports suspension, Bluetooth, AirCon and part leather and starts at £15,995 – more than £2k cheaper than the former entry-level Mondeo Edge. At the other end of the scale, Ford are introducing the Titanium X Business Edition which replaces both the Titanium and Titanium X, gets more equipment than the Titanium X and yet costs £1500 less.