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Chevrolet WTCC Ultra concept

Chevrolet has released a sketch of their WTCC Ultra concept that will be unveiled at the Paris Motor Show in three weeks. Styled by Ewan Kingsbury of GM Australia, who also worked on the Holden Torana, the concept was further developed in Europe to produce a fully working prototype, while the engine comes from Korea and the body from Japan. The international collaboration demonstrates the breadth of GM's resources, and has resulted in Chevrolet's vision of a new generation of World Touring Cars.

Lexus wants more hybrids and a better performance image

Lexus plans to introduce hybrid versions of existing vehicles with each full model change, the brand's r&d chief says. Leveraging the electric-gasoline drivetrain technology of Lexus' parent company, Toyota, will be key to differentiating the brand from European rivals, said Kiyotaka Ise, Toyota Motor Corp. managing officer in charge of Lexus development.

Nissan announces its 'Power 88' five-year plan

Nissan CEO Carlos Ghosn has announced the firm's 2011-2016 business plan. The Nissan Power 88 plan aims to increase Nissan's global market share and sets strong profitability targets for Japan's No.2 carmaker. Power 88?