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Fuel-economy standards rise to 27.3 mpg for 2011 model year

Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday. The regulations will use a new system that sets standards for individual models based on their size.

Lexus launches 'Design Matters' campaign

Lexus has hosted an event called ‘Design Matters' in New York City, as part of a new strategy to showcase the brand's commitment to design. Toyota's global president Akio Toyoda attended the event along with Mark Templin, executive vice president of Lexus International, who said, "Lexus is expanding as a global company and we need to speak to a broad global audience. There's no better way to do that than through design." Templin used the event to announce its other design-related campaigns.

McLaren MP4-12C performance specs released

The twin-turbo, 3.8-liter V8 in the McLaren MP4-12C sports car cranks out 592 hp at 7,000 rpm, according to factory performance specs released on Sunday. The engine hits its torque peak of 443 lb-ft at 3,000 rpm and holds it up to 7,000 rpm. That power gives the MP4-12C a top speed of 205 mph.