Lutz deflates talk of new Chevy Caprice

Well, that was fast. Just four days after Bob Lutz, General Motors' new marketing honcho, raised the possibility of the Pontiac G8 living on as a new Chevrolet Caprice, he shot it down. "The G8 will not be a Caprice after all," Lutz wrote on GM's Fastlane blog on July 16.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Last Lexus LFA leaves Motomachi Plant

The very last Lexus LFA – LFA #500 – has left the Motomachi Plant in Japan two years after production started and three years after the LFA was revealed. The idea of a Lexus supercar that cost so much seemed barking mad, but the LFA turned out to be a very special car indeed, not just for its build and performance but for what it meant for Lexus and Toyota – a future that would encompass many of the LFA’s design cues and DNA in future mainstream models. But three years after the LFA debuted, and exactly two years after the LFA went in to production at the TMC dedicated production facility at the Motomachi Plant, Aichi Prefecture, the last LFA – a white LFA Nurburgring Package #500 – has left the building.