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Lexus to unveil new concept at Detroit 2012

Lexus has released a second teaser shot of its new concept car, set to be unveiled at next month’s Detroit auto show. This glimpse inside the Lexus sports car reveals an elegant cabin; we assume the photograph has been cropped to show just one front seat and it is in fact a two-seater. All will be revealed at the NAIAS in January 2012.

CDN-Opel/Vauxhall Interactive Design competition winner announced

Vladislav Domanin is the overall winner of the CDN-Opel/Vauxhall Interactive Design competition. The announcement was made by Friedhelm Engler, Director GME Advanced Design, during the second day press day of the Paris motor show on the Opel/Vauxhall stand. Mateusz Wowk from the Academy of Art of Design in Wroclaw was this year's runner-up in the exterior category, while Matic Vihtelic of the Academy of Fine Arts and Design, Ljubljana, was declared runner-up in the interior category.

Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.