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First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Lexus LF-NX Concept Compact SUV/Crossover makes a statement: Frankfurt 2013

The Lexus LF-NX SUV/Crossover Concept (pictured) arrives at Frankfurt We actually saw the first photos of the Lexus LF-NX – a more compact SUV/Crossover Concept – in the run-up to the Frankfurt Motor Show, and it certainly looked dramatic. In the flesh, the LF-NX actually looks even m0re dramatic; it’s almost cartoon-like in its styling and proportions. Looking a little like Lexus have taken their statement spindle grill, made it bigger and created a body design using origami, the LF-NX is certainly not a shy and retiring, understated Lexus.