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Italian design house Bertone nearing bankruptcy

The Italian design house Bertone is reportedly nearing bankruptcy again, according to a report from Autocar. The carrozzeria has experienced financial problems in 2008 and 2013, and even though it generated more than €20 million, or approximately $28 million, last year, the company reportedly laid off 160 employees recently. At least 30 workers who have been laid off have taken action against the company, seeking to recover monies owed to them.

Lexus IS facelift (2011) revealed

The Lexus IS Range gets a facelift for 2011 The Lexus take on the BMW 3 Series – the Lexus IS range – has been with us pretty much unchanged for five years. So it’s certainly due a tweak or two plus it needs that certain little something many cars need at the moment – updates to conform with Euro 5 emissions which come in to play in January 2011. Across the IS range there are styling changes to mark out the 2011 models.

GM bets on new four-cylinder family in Europe; U.S. plans unclear

General Motors' European subsidiary, Opel, has revealed a turbocharged 1.6-liter four-cylinder direct-injection gasoline engine that will be offered from early 2013 across its lineup, starting with the soon-to-be-revealed Astra-based Cascada convertible. The aluminum block unit, the first in a new range of so-called SIDI (spark ignition direct injection) ECOTEC engines, forms the centerpiece of the company's downsizing strategy for displacement. The engine is claimed to have improved torque characteristics and a significant reduction in consumption compared with its predecessor.