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French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.

Forget high beams -- lasers are coming

Audi has kicked off 2014 with the unveiling of an updated version of its Sport quattro concept car -- as first revealed at last year's Frankfurt motor show. Set to underpin the German carmaker's stand at the upcoming Consumer Electronics Show in Las Vegas, the latest incarnation of the bullish-looking two-door coupe showcases distinctively styled matrix LED headlamps with new laser light technology that, Audi officials suggest, will soon begin appearing on regular production models as a high-cost option. Already confirmed for the Audi R18 that will compete at the Le Mans 24-hour race later this year, the new headlamps use matrix LEDs and an aperture mask for low-beam mode.

Volvo to launch new F1-inspired engine range

Volvo has revealed an all-new super-efficient range of engines called DRIVE-E. When launched later this year, the new motors will become some of the most high-tech engines on sale. Uniquely, the new engine range is based around just two basic four-cylinder designs – one direct-injection petrol engine and one common rail turbodiesel.