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Lexus LF-LC Coupe heading for production

It looks like the impressive Lexus LF-LC Concept is heading for production as Lexus tries to inject some sportiness in to their brand. The stunning Lexus LF-LC Concept we saw at the Detroit Motor Show in January was certainly the most impressive Lexus concept for some time, although Lexus made it clear it was just a showcase of what their US designers were capable of envisaging. But we thought at the time that the LF-LC had potential as a proper halo coupe for Lexus (ignoring the stand-alone, madly priced LFA) that could be brought to market as an LS Coupe – the Lexus LC, perhaps?

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Ford to sell off Volvo: newsflash

By Tim Pollard Motor Industry 01 December 2008 15:18 Ford has just announced it is putting Volvo up for sale. The strategic review, announced today, is part of the Blue Oval’s rescue plan and, if it does sell its Swedish outpost, it could add hundreds of millions to Ford’s wonky balance sheet. The news underlines the collapse of Ford’s global ambitions.