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Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

Caterham RST-V8 Levante (2008): first official pictures

By Mark Nichol First Official Pictures 26 February 2008 12:51 This is the Caterham RST-V8 Levante, an example of what happens when a chirpy British sports car turns over to the dark side. The Levante is the work of RS Performance, which has taken an SV chassis, stuffed a 2.4-litre supercharged V8 into the front and coated the lot in swathes of carbon fibre. The result is 550bhp in a chassis weighing little over 500kg.

The Mitsubishi Evo is dead

As Mitsubishi shifts its global lineup toward utility vehicles and electrified cars, it will pull the plug on the Lancer Evolution at the end of the nameplate's current generation. “Mitsubishi Motors does not have any plans to design a successor with the current concept, as a high-performance four-wheel drive gasoline-powered sedan,” spokeswoman Namie Koketsu said, describing the car as having “icon” status. “Mitsubishi Motors will explore the possibilities of high-performance models that incorporate electric vehicle technology.” Dropping the Evo was foreshadowed last fall when President Osamu Masuko unveiled a new mid-term business plan that would deprioritize in-house sedans and explore sourcing them through joint projects with the Renault-Nissan Alliance.