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Students prepare for Coventry University's annual degree show

Students of Coventry University's Automotive and Transport Design course are getting ready for their annual degree show, dubbed ‘Discover ID'. Already the largest show in Europe, this year's exhibition will be the biggest ever, with 107 BA and MDes students showcasing their design talents. Aside from automotive projects, the exhibition will feature projects including two full-size motorcycles, a Rolls-Royce yacht, a Pacific cruise airship and arctic tourism vehicles.

Lexus gets new focus

Battered by recalls and public inquisitions, Toyota is hoping to restore its once-pristine image with new hybrid products and a renewed focus on Lexus. Lexus increasingly will be positioned as a “global premium brand,” the company said on Wednesday, and see improved styling, more hybrids and better service. The brand's sales have fallen 9 percent this year, to 26,674 in the United States.

May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.