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Volkswagen debuts Jetta TDI Value Edition

There was already a lot to like about the diesel Volkswagen Jetta TDI CleanDiesel, most of it having to do with fewer fillups, and so for 2014 Volkswagen is debuting a new Jetta TDI Value Edition that slices more than $2,000 off the price of entry. And speaking of the price of entry, it is now $22,115 for Volkswagen's smallest diesel sedan in the U.S. Yes, it seems Volkswagen has finally created a car for automotive journalists as well as members of the biodiesel-brewing crowd who are tired of fixing old Mercedes-Benz W123 station wagons from the 1970s, though we probably have the diesel Chevrolet Cruze to thank for the appearance of this particular model.

McLaren 12C Spider confirmed for July 3 reveal

McLaren Automotive officially announced on Friday that it will reveal the 12C Spider, an open-top version of the MP4-12C supercar, on July 3. There has been much speculation about an open-top version since the release of the original MP4-12C. In a video interview, McLaren Formula One driver Jenson Button extols the virtues of open-top driving.

Pininfarina family to lose control of company

The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.