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New Stratos (w/ Gallery)

After weeks of speculation, the official story and pictures of the reborn Lancia Stratos – officially named 'New Stratos' – have been revealed. While the car's design and concept are obviously related to the 2005 Fenomenon Stratos – a venture headed by RCA graduate Chris Hrabalek – design and development have been completed by Pininfarina. Initially headed by Jason Castriota before he left – ironically for the original Lancia Stratos' birthplace, Bertone – Luca Borgogno completed the exterior and interior design.

Hyundai to launch battery electric car in 2016

The Hyundai BlueOn EV (pictured) was Hyundai’s last electric car Back in 2011 it seemed that Hyundai was to concentrate on building hydrogen powered and hybrid cars as it looked to the future, but that seems to have changed. Back then, Hyundai Motors head of R&D - Yang Woong-Chul – said he believed BEVs (battery electric vehicles) had zero chance of replacing ICE cars because of their poor range, poor battery technology and high costs. But it seems Hyundai has had a rethink.

Redesigned 2014 Lexus IS base price increases

Lexus has set the base price of the 2014 IS compact sport sedan at $36,845, including shipping, an increase of $885 from its predecessor, Lexus said. In contrast, the top-level IS 350 with all-wheel drive starts at $42,595, including shipping, which is 2.1 percent lower than the model it replaces, Lexus said in a statement this week. The pricing makes good on Lexus' guarantee to keep the base price attainable for consumers “by narrowing the gap between the 250 and 350,” a Lexus spokesman said.