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Lexus LF-A still on the cards

With the car world in turmoil, and buyers running scared of high performance cars, most of the car makers around the world are shelving their high-end projects until things settle down. Honda has announced that it has put its NSX replacement on ice (although it is apparently still going to show it at Detroit) and other manufacturers are concentrating on their frugal products. But Toyota is taking a different tack.

Meet the 214-mpg Volkswagen Twin-Up concept

Ahead of a Tokyo motor show debut, VW is showing off the Twin-Up concept. Essentially an advanced version of the company's entry-level Up supermini, the Twin-Up runs a modified version of the plug-in diesel-electric hybrid driveline used in the high-tech XL1 for spectacular claimed combined consumption of 214 mpg on the Euro combined cycle along with a zero-emissions electric range of 31 miles. The Twin-Up name alludes to the new car's twin drive sources.

Aston Martin to axe a third of jobs

Aston Martin today announced 600 potential redundancies. It is consulting with the unions to lose 300 permanent jobs and 300 temporary staff By Tim Pollard Motor Industry 01 December 2008 14:00 Aston Martin announced at 2.00pm today that it is to cut a third of its UK workforce in a response to a slump in sales. The company, based in Gaydon, Warwickshire, said it today launched a consultation with the unions to cut 300 permanent jobs and 300 temporary posts – out of a total of 1850 employees.