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Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

Subaru BRZ Concept STI teases production BRZ at L.A.

Subaru BRZ Concept STI at the Los Angeles Auto Show The Subaru BRZ (and for that matter its sibling, the Toyota FT-86) has been floating around in one form or another as a concept for years. And at Los Angeles we get treated to yet another ‘Concept’ version – the Subaru BRZ Concept STI. Which does seem a bit odd; after all, the production version of the BRZ is scheduled to arrive later this month at the Tokyo Motor Show, and we know from the teaser shots Subaru sent us of the production BRZ that there are changes from this Concept.

Glass’s Guide Luxury Cars price crash

I think we all knew it was happening, but Glass’s guide, the trade bible for used car values, has confirmed that luxury cars in the UK have fallen out of bed in a big way. Comparing luxury diesel saloons with a year ago, they say that average values have dropped by a massive 21%. And in pure money terms the top end coupes, such as the Porsche 911, have fallen by 18%.