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Lexus IS facelift (2011) revealed

The Lexus IS Range gets a facelift for 2011 The Lexus take on the BMW 3 Series – the Lexus IS range – has been with us pretty much unchanged for five years. So it’s certainly due a tweak or two plus it needs that certain little something many cars need at the moment – updates to conform with Euro 5 emissions which come in to play in January 2011. Across the IS range there are styling changes to mark out the 2011 models.

Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Toyota, Honda lead U.S. industry to 22 percent gain

U.S. light-vehicle sales, paced by Toyota and Honda, rose 22 percent in June as U.S. consumers continued to shake off economic jitters and replace aging cars and light trucks.