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Lexus IS 250C launches

The Lexus IS 250C launched in Japan this week - and will reach the UK in July The IS Convertible comes in two flavours – the Lexus IS250 C and the 350C – although the initial launch is just the IS 250C. The IS 350C will launch later in the year. Lexus has been working on the IS Convertible for some time, and is aiming it straight in the sites of similar offerings from both BMW and Audi.

Rinspeed E2 concept(2009): first pictures

Rinspeed E2 concept By Ben Pulman First Official Pictures 27 February 2009 10:05 Fancy both a Fiat 500 Abarth and an entry-level 500, but as an all-in-one package? Then infamous Swiss concept car builder Rinspeed has the car for you. Called the E2, it’s based on the 500 Abarth, but with some clever engine management technology that allows the car to run with either 158bhp or 59bhp.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).