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Toyota Camatte 57s concept

You may remember last year we reported the unveiling of a customizable, modular little concept car called the Toyota Camatte at the Tokyo Toy Show. This year Toyota has returned with an updated version called the Camatte 57s with more scope for families to personalize their space-framed little machines with a total of 57 external panels (as its name suggests) as well as the removal of the roof which apparently "adds to the fun factor and allows everyone on board to enjoy the colorful exterior they have created". Like last year's car the driving position can accommodate both adults and children with gown-ups sat in the right rear seat able to intervene should the infant pilots go astray.

Toyota increases U.S. prices an average of 1.7 percent on most models

Toyota Motor Sales U.S.A. Inc., coping with a rising yen and an earthquake-shattered supply chain, announced price increases today that average 1.7 percent for many 2011 Toyota, Scion and Lexus models. The increases range from $65 for the small imported Scion xD, to $900 for two of its larger vehicles, the Toyota Land Cruiser and Sequoia SUVs, as well as several Lexus models.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced onSunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.