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Facelifted Lexus GX 460 gets price cut for 2014

Lexus has just released pricing for its refreshed GX 460 SUV, or LUV as Lexus likes to call it, for Luxury Utility Vehicle. The most noticeable change on the outside is the updated corporate fascia in the form of the Lexus spindle grille, though the freshened GX 460 also gets LED headlights, along with daytime running lights and available LED fog lights. More importantly, the GX 460 will get a $4,710 price cut.

Storing classic concept cars is a huge hassle

If you see a dazzling concept car at an auto show this year, consider this: Somebody is going to have to find the space to park it and maintain it in a heritage collection, perhaps until the end of time. Preserving this year's hits as the museum pieces of the future is one of the great backroom issues of the auto industry. If you need to see the first wood-paneled Honda Civic Country station wagon from 1980 for some good reason, Honda has one in storage in Japan.

Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs

The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.