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Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.

Parts of O'Quinn car collection to be sold at RM auctions in March

Batches of cars from the extensive collection of Texas attorney John O’Quinn--one of the most impressive collections of classic sheetmetal since William Harrah’s--will cross the auction block this spring at a pair of RM Auction events. O’Quinn, a noted attorney who died in a car crash last October, assembled a collection of at least 800 cars, and it could number as many as 1,300. Fifty-five cars from the collection will be sold at the RM auction on March 13 at Amelia Island, Fla.

McLaren MP4-12C to start at about $230,000

The McLaren MP4-12C sports car will have a sticker price of between $230,000 and $250,000 when it goes on sale in the United States about a year from now. McLaren said on Wednesday that the sports car will be priced at 168,500 pounds (about $265,800) in the United Kingdom and at 200,000 euros (about $267,200) in Europe when it goes on sale in that region in early 2011. A final price for the U.S.