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2012 Audi TT RS starting price set at $56,850

If you have your heart set on the top-shelf Audi TT RS, prepare to pony up $56,850 plus destination and what we’d assume are plenty of options to put one in the garage. Worth it? You decide: The highest-performance TT will get a 2.5-liter turbo five with 360 hp and 343 lb-ft of torque, with the twist available from just about off-idle to 5,400 rpm.

CCS launches MFA degree programs

The College for Creative Studies in Michigan, USA, is set to launch new Master of Fine Arts (MFA) degree programs in Design and Transportation Design. The new courses, which launch in Fall 2009, will give students a broad scope of skills and experience in 2D and 3D design, and will include a basic study in business that will take place at the University of Michigan's respected Stephen M Ross School of Business. CCS says that this will equip graduates with the tools required to implement concepts and make strategic decisions - increasingly important parts of a 21st century car designer's skillset.

Senate passes cash-for-clunkers extension

The Senate added $2 billion to "cash for clunkers" on Thursday, ending a week of suspense about whether the popular new program would have to shut down for lack of funds. The bill, identical to the one that passed the House last week, now goes to President Barack Obama for his signature. The administration has pushed hard for the new funding.