1968 340 Intake Manifold on 2040-parts.com

Volkswagen to launch budget brand, priced from £4800

Volkswagen is planning to launch a new budget brand to challenge the likes of Dacia – and the bargain basement minis will be sold in Europe too. Prices for the yet-nameless new cheap VWs will start from just €6000, or £4800, according to paperwork seen by CAR. How can VW build city cars so cheaply?

Toyota's global design chief Tokuo Fukuichi appointed president of Lexus

Toyota's global design chief Tokuo Fukuichi will be the first designer to sit on the company's board of directors when his appointment comes into effect on 1 April. Fukuichi will retain his position as global head of design for the Toyota, Lexus and Scion brands and will join the board after the general shareholders' meeting. His influence on Toyota's design direction over the last few years has been noticeable, particularly with Lexus, as the company strives to make its traditionally very conservative products a little more exciting.

Exhibition: BMW Art Drive London

Entering the seventh floor of a London car park to find three spaces occupied by BMWs is an inconsequential occurrence given the proliferation of Bavarian-born cars in the UK Capital. Except, that is, when the three in question have been touched by the hands (and brushes) of Roy Lichtenstein, Andy Warhol and Robert Rauschernberg. As part of the London 2012 Festival and in partnership with the ICA, BMW has taken over a grimy multi-storey in London's hipster Shoreditch district, filling it with 16 works from its iconic, priceless Art Car collection.