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Lexus sales up but Toyota's profits tumble

By Ben Whitworth Motor Industry 13 August 2008 13:25 With spiralling fuel prices, luxury off-roaders may be seen as the devil on wheels in the UK’s current cash-strapped economic climate – which would explain why last month saw a sharp drop in SUV sales at BMW, Audi and Mercedes. But not at Lexus. July 2008 sales of the company’s RX400h hybrid off-roader climbed 28 percent over the same period last year, rising from 223 to 285.

BMW Z4 GT3 (2010) first official pictures

Z4 M fans look away now – this is an officially sanctioned BMW Z-car with the 4.0-litre V8 engine from an M3. This is the BMW Z4 GT3. It isn’t, at least not for the road – the Bavarian company maintains that its sDrive 35iS Z4 with a 335bhp twin-turbo straight is as far as it’ll go.

Automakers scrap diesel plans

Mainstream carmakers have put the brakes on nine diesel-powered vehicles that had been scheduled for 2010. Honda, Chrysler, Ford, General Motors, Nissan and Toyota have halted diesel programs because of spiraling costs and other problems. Financial problems halted the programs at some companies.