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Mitsubishi to kill current U.S.-made lineup, bring in new platform

Mitsubishi Motors Corp. plans to kill its current lineup of U.S.-made vehicles, including the Eclipse sporty car and Endeavor crossover, over the next three years and switch to producing global vehicles at its Illinois plant, partly to target export markets. The current nameplates will be phased out by 2014 as part of the carmaker's “Jump 2013” mid-term business plan unveiled Thursday by president Osamu Masuko.

Ferrari 599 HTGE China Limited Edition

The Ferrari 599 HTGE China Limited Edition But time they are a changin’ (thank you Mr D.), and China has become a big market for purveyors of luxury goods, none more so than Ferrari. So sticking together a Limited Edition Ferrari for the Chinese market is an eminently sensible move for Ferrari, even if the dozen models of the China Limited Edition will be a mere drop in the ocean in a country which boasts a population of 1.3 billion and still rising. So it seems a reasonable bet that Ferrari will have no trouble selling the China 599 to the extremely wealthy who now sit at the top of China’s financial pecking order.

Acura finds sales, still seeks luxury identity

As Lexus, Mercedes-Benz and BMW battle for luxury brand sales leadership this year, Acura has been flying below the radar -- as usual. Honda's upscale division has had a solid year. Sales are up 24 percent over 2009, outpacing the gains made by luxury's big 3.