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VW Design Vision GTI gets 500bhp: Worthersee

The Design Vision GTI is built to show what a Golf built for racing would look like – and perhaps point to future evolutions of VW’s most successful car – and is built on the same MQB platform as the regular GTI. It’s a bit shorter (15mm) than a regular Golf, a chunk wider (71mm) and a lot lower (57mm) which conspires to make the Design Vision GTI much more aggressive looking than its mainstream sibling. Power comes from a 3.0 litre V6 with two turbos – good for 500bhp and 413lb/ft of torque – which is driven to all four wheels through a DSG ‘box and can scoot to 62mph in a supercar-like 3.9 seconds on its way to 186mph.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.

Mini and BMW M get new leaders

The overseer of BMW’s vaunted M division is taking another spin in the driver’s seat at Mini. Longtime company executive Kay Segler will take over stewardship of the iconic small-car brand on May 1. He previously led Mini from 2004 to 2008.