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Mitsubishi previews Tokyo motor show concepts

Mitsubishi Motors has released more details on three concept cars at the upcoming Tokyo Motor Show, which we will be attending, and all three concepts have something in common -- they're all SUVs with hybrid technology. And three weeks before the start of the show Mitsubishi Motors has released more details previewing the concept cars since announcing the concepts earlier in October. First up is the Mitsubishi Concept GC-PHEV, in the center of the photo, which is meant to preview a next-generation full-size SUV with full-time four-wheel drive.

Ikuo Maeda to replace Laurens van den Acker as General Manager of Design at Mazda

Ikuo Maeda has been appointed General Manager of Mazda Motor Corporation's Design Division. He replaces Laurens van den Acker, who has decided to leave Mazda to pursue other interests. Following on from the successful tenure of van den Acker, Maeda will lead the Japanese automaker's global design team and be responsible for the overall design and styling of Mazda's global products.

Smart's $99 loan deal has big balloon payment at end

Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.