VW to build engine plant in Mexico to supply Tenn. factory, source says

Volkswagen AG plans to announce Wednesday that it will build an engine plant in Mexico to supply vehicles assembled in North America, a source at the company's assembly plant in Puebla said. A VW spokesman confirmed that the company will make an announcement but declined to say what it will concern. The new plant will supply an existing VW plant in Puebla, 75 miles southeast of Mexico City, and one being built in Chattanooga, Tenn., the source said.

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.

Cadillac Elmiraj (2013) at Frankfurt motor show

This imposing coupe is the Cadillac Elmiraj concept. Designed as an American take on the Mercedes S-class coupe format, the Elmiraj stands 5.2m long and seats four passengers in an opulent cabin.The car also sports Cadillac’s new ‘V Sport’ moniker, which will feature across the Cadillac range soon, copying the success of BMW’s M Sport models, and Audi S-line cars. Tell me more about the Cadillac Elmiraj Beneath that long bonnet is a 4.5-litre V8 boosted by twin turbochargers, developing 493bhp and 500lb ft.