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Future products: Toyota lineup gets an 18-month makeover

Toyota plans to move into new product segments over the next 18 months, as well as redesign several mainstream models. By the spring of 2012, Toyota will launch all-new versions of the Camry, Yaris, Tacoma and RAV4. Also, the new FT-86 sport coupe, developed with Subaru, should arrive on these shores by that time.

Seat Mii (2012): the Spanish VW Up city car

We’ve seen the German and Czech versions of the Volkswagen Up – and today it’s the turn of the Spanish to showcase their new Seat Mii. The Mii is the new city car for VW’s Mediterranean outpost, and launches Seat back into a segment it deserted when the Arosa walked off choice lists. Seat Mii (2012): the lowdown Seat will launch the Mii in the Spanish market in winter 2011, but UK buyers will have to wait until spring 2012 before they can order the city car.

F1 Budget Cap row over

MAx Mosley announces the budget cap row is over between the FIA and FOTA - and he's resigning. After a meeting today in Paris, the FIA has announced that it has reached agreement with FOTA to scrap the budget cap it was insisting on implementing from 2010. Quelle surprise!