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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.

Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.

2013 Porsche 911 GT3 Cup Revealed

Porsche has revealed the latest version of the 911 GT3 Cup – the first track car from Porsche based on the 991 911 – in Weissach. Porsche has built the new 911 GT3 Cup for its one-make racing series – the Porsche Mobil 1 Supercup – and it comes with plenty of promise for more track success. The GT3 Cup gets a 3.8 litre flat six which delivers 460 horses to the back wheels through a six-speed dog-type ‘box operated by paddles on the steering wheel.