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Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Skoda Yeti facelift for 2013 Frankfurt Motor Show

Skoda will debut a facelifted Yeti compact SUV at the 2013 Frankfurt Motor Show. This doesn’t exactly sound like major news, but it does represent potentially dangerous ground for the Czech brand: the Yeti is one the best-loved cars on sale in the UK –　so the task of refreshing it can’t have been an easy one. Nonetheless, Skoda has not only chosen to give the Yeti a makeover, it will also offer the car in two distinct variants for the first time – one aimed at urban drivers and the other at more adventurous types.

Lexus LFA and IS-F on track at Bruntingthorpe

Lexus LFA and IS-F joust on track at Buntingthorpe Just a couple of weeks ago we reported that the first Lexus LFA in the UK had put in an appearance at Goodwood to delight the Supercar Sunday Breakfast Club. The visit to Goodwood made it clear that Lexus were treating the LFA as a serious performance car, and not just a rich man’s toy (although it is a rich man’s toy), so we wondered where Lexus UK would go next with their very own LFA. Would they trot it up to Lexus Park Lane and put it on show for the temptation of the passing wealthy, or would they plough on with putting the LFA in front of real (if wealthy) petrolheads?