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To thwart speculators, Lexus will lease, not sell, 500 LFAs

Lexus has a plan to head off speculators when its limited-edition LFA sports car goes on sale in January 2011. The company will offer only two-year leases for the $375,000 two-seater, said Brian Smith, vice president of sales and dealer development for Lexus division. Lexus will hang on to the vehicle's title.

GM disbands unit that creates high-performance vehicles

General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles. GM on Wednesday disbanded High Performance Vehicle Operations, which is based at the company's suburban Detroit technical center, and redeployed its engineers, spokesman Vince Muniga said. "All high-performance projects are on indefinite hold," Muniga said.

Nissan Extrem concept bows at Sao Paulo auto show

Wild concepts during auto shows are nothing new, especially from Nissan. The automaker is adding to its reputation with the Extrem small crossover, which debuted recently at the Sao Paulo auto show. The Extrem is wild, but we could easily see it going into production, though Nissan's given no indication of such.