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Skoda CitiJet Concept revealed – heading for Worthersee

Skoda CitiJet Concept – created by students What you see in the Skoda CitiJet Concept (above) is what you get if you let 16 Skoda design students loose and tell them to take the CitiGo and turn it in to their ideal concept car. The Skoda CitiJet – which will be joining the SEAT Ibiza Cupster and Audi A3 Clubsport at Worthersee – took six months to create and gets its roof removed as well as its back seats – where there are roll-over bars instead – a rear wing twin exhausts and 16″ alloys with red brake calipers lurking beneath. Under the bonnet sits the regular 1.0 litre 3-cylinder petrol engine with 74 bhp you’ll find in the normal CitiGo, and the interior is lifter straight out of the CitiGo Sport so there’s red stitching to make everything look a bit more ‘sporty’, a leather steering wheel and Sport seats.

Brabus tunes Mercedes-Benz CLA 45 AMG to 394 hp

It was only a matter of time before German tuning house Brabus looked at the Mercedes-Benz CLA 45 AMG and said: nahh, it's just not powerful enough. Recall that the base CLA 45 AMG already produces 355-hp and 332 lb-ft of torque courtesy of its modestly sized 2.0-liter turbocharged inline-four (an impressive feat by itself, yielding the highest output of any production four-cylinder engine), which gives it the ability to get to 60 mph in just 4.4 seconds. Given its $48,375 price tag for stateside 4Matic all-wheel drive version, many would call that a bargain for the performance stats provided.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.