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Mercedes removed Lieb over compliance issue, report says

Daimler AG dismissed Mercedes-Benz USA chief Ernst Lieb for violations of human resources and ethics policies relating to household expenses paid by the automaker, The Financial Times reported Wednesday, citing sources close to the company. Lieb was abruptly removed as head of the automaker's second-largest market on Oct. 17 after more than 30 years at Daimler.

Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.

Lexus IS (2013) first official pictures

These are the first official pictures of the all-new 2013 Lexus IS. Challenging the likes of the BMW 3-series, Mercedes C-class and Audi A4, the new IS has gone under the knife and the new iteration has a more athletic and vigorous-looking design, judging by these photos.   Sporting an updated, pleasingly chiselled front end, the new IS takes inspiration from the LF-CC concept shown at 2012’s Paris motor show. The new IS features the new 'spindle' front grille which adorns all new Lexus models, decorated with a new headlamp cluster design and the trademark L-shaped daytime running lights set independently below.