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Daimler to build a fifth Mercedes-Benz model at its Alabama plant

Daimler AG said it will invest $350 million to produce a fifth Mercedes-Benz model at its factory in Vance, Ala., starting in 2015. The investment will create an additional 400 jobs at the plant. The company did not provide details about the additional vehicle.

Redesigned 2014 Lexus IS base price increases

Lexus has set the base price of the 2014 IS compact sport sedan at $36,845, including shipping, an increase of $885 from its predecessor, Lexus said. In contrast, the top-level IS 350 with all-wheel drive starts at $42,595, including shipping, which is 2.1 percent lower than the model it replaces, Lexus said in a statement this week. The pricing makes good on Lexus' guarantee to keep the base price attainable for consumers “by narrowing the gap between the 250 and 350,” a Lexus spokesman said.

CONFIRMED: McLaren P13 will arrive in 2015 to take on Porsche 911 & Audi R8

McLaren has confirmed the McLaren P13 will arrive in 2015. The original plan for McLaren’s new range of supercars was that the 458-bashing 12C would arrive first (which it did) followed by a more affordable mid-engined car – think nearer £100k than £200k – to mop up sales from the Porsche 911 and Audi R8. But McLaren decided they should get the P1 out before the P13 so they could give their dealer network a nice halo model, and go head-to-head with LaFerrari and the Porsche 918 Spyder.