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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.

U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.

Ford eases V6 Mustang around Bristol track for 1,457 laps

As you may have expected, the team at Ford was able to run a V6-powered 2011 Mustang for at least 1,000 laps on the half-mile Bristol Motor Speedway track on Wednesday before running out of gasoline. In fact, the Mustang lapped Bristol 1,457 times before its 16-gallon fuel tank ran dry. The run was part of a marketing push touting the 31-mpg highway rating for the 2011 Mustang V6 and its six-speed automatic transmission.