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Toyota & Lexus: Hybrid sales in Europe hit 20%

The ‘Green’ evangelists want to get us all driving electric cars to save the planet, but in the real world car drivers want a car that offers them all the practicality of a normal ICE car, but without the penalties of the poor range, high cost and inconvenience of an EV. So, with ever-rising fuel costs, it’s no wonder car buyers are willing to pay a little more for a car that offers better economy at the pumps – which plays straight in to the hands of Hybrid pioneers Toyota. The result is that Toyota and Lexus now see a full 20 per cent of their sale in Europe being hybrid cars in the first quarter of 2013, with sales of hybrid cars up a massive 82 per cent year-on-year.

News watch February 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe)  • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.

Top Gear Series 21 starts 2nd February – new video trailer

Top Gear Series 21 starts 2nd February Last weekend we brought you the first trailer for series 21 of Top Gear, although it basically consisted of Jeremy Clarkson moaning about lorries whilst driving a VW up! At that time, the BBC were still being cagey about when the new series of Top Gear (although we did expect it to start on 2nd Feb), but now BBC Media have managed to add it to their official schedule details so it’s now officially confirmed to start on 2nd Feb. Now we get a new trailer for the new TG Series, and this one is much more typical with mayhem and nonsense abounding including 1980s hot hatches, lorry racing, supercars, quad bikes on water, tanks and, of course, the McLaren P1.