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Toyota leaves F1

Toyota are quitting F1 It’s not exactly a huge surprise, but Toyota has announced today that they are leaving Formula One and will not be back in 2010 to take their place. With the announcement that Bridgestone are also quitting F1 after 2010, and the departure of Honda before the 2009 season started, there is going to be no Japanese involvement in F1. Which is rather sad for a nation that loves its cars.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.

Jaguar lines up 4-, 6-cylinder engines

Jaguar hasn't offered a four-cylinder engine since 1948 and no V6 since the small, lackluster X-Type was pulled from the United States four years ago. But in an era of mpg obsession, even this proud British luxury brand is changing. Jaguar will offer four- and six-cylinder engines in two of its three car lines, starting this fall.