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Lexus confirms plans for baby IS

By Ben Pulman Motor Industry 22 October 2008 14:15 Lexus has officially confirmed it will build a BMW 1-series rival. Speaking to the German media, European company MD Tadashi Arashima told reporters: 'We will offer a Lexus in the compact class'. He explained that Lexus needed 'smaller and more efficient vehicles' in the face of European CO2 regulations.

Weather still causing commuter chaos

COMMUTERS had a miserable return to work today as bad weather continued to cause havoc to road travel. A number of major road routes were affected by flooding or by fallen trees, while one lane was closed on the M48 Severn Bridge due to strong winds and a section of the M77 in Glasgow was closed because of flooding. A landslip at Hawick on the Scottish Borders led to hold-ups on the A7, while a section of the A36 in Hampshire was closed due to a fallen tree and fallen power cables.

Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.