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Toyota recalls Corolla, Lexus IS models

On Wednesday, Toyota said it is recalling 752,000 Corolla and Corolla Matrix vehicles from the 2003 and 2004 model years, and about 270,000 Lexus IS vehicles built between 2006 and 2012. The Corolla and Corolla Matrix may be susceptible to an electrical short that could cause the frontal airbag and front seatbelt pre-tensioners to inadvertently deploy, according to Toyota. The Lexus IS faces a problem with windshield wipers that are not sufficiently secured and may not operate properly when weighted down by heavy snow.

Chrysler's V8 coupe moves closer to production

By Nick Trott Motor Industry 21 August 2006 00:02 Chrysler's V8 Firepower concept is moving closer to production, thanks to a plan to push the Dodge Viper upmarket, creating a Firepower-shaped gap in Chrysler Group's portfolio. Sources suggest that the 2008 Viper will have a new chassis and an engine co-developed by McLaren, DaimlerChrysler's F1 partner. A precedent for this has already been set.

McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.