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News watch August 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 31 August 2011• The two millionth Mini today rolled off the production line at Plant Oxford. British prime minister David Cameron drove the landmark car off the line (Mini)• Volkswagen says it will sell more than 2 million cars in China this year.

Lexus IS

Details and pictures of the new Lexus IS saloon have been revealed ahead of the car's full debut next week in Detroit. Previewed back in September at the Paris motor show with the LF-CC concept, the IS features the carmaker's signature spindle grille and L-shaped Daytime Running Lights (DRL). The IS also retains the prominent character line that rises from the lower body into the rear lamp clusters and also features another that runs underneath the windows.

BMW Gran Lusso Coupe Concept plots 8-series return

This sleek two door coupe concept, unveiled at the 2013 Villa d'Este Concourso d'Eleganza on Italy's Lake Como shores, could provide the stylistic inspiration for a BMW 8-series return. The Pininfarina Gran Lusso Coupe is a contemporary four seater created in cooperation between BMW's in-house design team headed by Karim Habib and famed Italian design house Pininfarina. The car is based on a modified rear-drive BMW 7-series platform and uses the 760i's 6.0-liter, 536-hp turbo V12 for power.