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Australia's Holden to cease production after 2017, GM says

General Motors, in the latest blow to Australia's auto industry, will end vehicle and engine manufacturing and scale back engineering operations in the country by the end of 2017. The company's Holden unit, a mainstay in Australia for decades, cited the high cost of manufacturing in one of the world's smallest but most competitive markets and one that has also been upended by a steady rise in imports, mostly from southeast Asia. There has been widespread speculation of the move in recent days and earlier Tuesday, in Australia, GM officials said no decision had been made.

Refreshed 2014 Chevrolet Malibu arrives

Just a bit more than a year after launching the 2013 Malibu, Chevrolet took the wraps off its revised 2014 Malibu, saying the car is roomier (1.25 extra inches in the rear seat), more refined and more efficient than the outgoing model. The car gets a fresh face, revised interior, and a new 2.5-liter four standard. The 2.5-liter I-4 is direct injected and has variable valve lift control and start/stop for 196 hp and 186 lb-ft of torque.

New Lexus IS price from £26,495

The 2013 Lexus IS will cost from £26,495 for the IS 250 SE rising to £38,495 for the IS 300h Premier in the UK. First customer cars due July 2013. Starting point for the new IS is £26,495 for the entry-level IS 250 SE, with the hybrid IS 300h SE starting at 29,495.