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New Lexus LF-LC Concept at Australian Motor Show with 500bhp Hybrid powertrain

Lexus are teasing a new version of the LF-LC Concept with 4WD and a 500bhp hybrid powertrain for the Australian Motor Show. When Lexus revealed the LF-LC Concept at the Detroit Motor Show at the start of 2012 our collective jaws dropped. It was a stunning two door coupe with the nose from the GS, a profile that had hints of the LFA, a stunning interior and the hope Lexus were brave enough to put it in to production.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.

Subaru future products: Plans focus on U.S.

Subaru plans to roll out three new vehicles over the next three years: the BRZ coupe developed jointly with Toyota, a hybrid and a compact crossover. Subaru executives say vehicles are being developed for the U.S. market rather than for Japan because the company can make a bigger profit in the United States.