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Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.

New Lexus LS fully revealed

The 2013 Lexus LS has escaped on to the web 48 hours before the official reveal with a full set of exterior photos. Just yesterday, Lexus responded to the leak of a couple of photos of the 2013 Lexus LS by issuing a single photo of the exterior of their ‘New’ LS. What they’ll do now a full set of  exterior photos of both the regular 2013 LS and 2013 LS F Sport have escaped on to the net we can only guess, although it seems unlikely they’ll do the official reveal until Monday as they planned.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.