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Opel product chief Weber quits to take job with yet-unnamed rival

Frank Weber, the German-born engineer who helped lead development of the Chevrolet Volt and Opel Ampera hybrids, is leaving General Motors' Opel unit to work for an as-yet unnamed competitor. Weber has been Opel's product chief since November 2009. His departure was reported Thursday by Automotive News Europe and confirmed by company sources.

Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

New Lexus LF-LC Concept at Australian Motor Show with 500bhp Hybrid powertrain

Lexus are teasing a new version of the LF-LC Concept with 4WD and a 500bhp hybrid powertrain for the Australian Motor Show. When Lexus revealed the LF-LC Concept at the Detroit Motor Show at the start of 2012 our collective jaws dropped. It was a stunning two door coupe with the nose from the GS, a profile that had hints of the LFA, a stunning interior and the hope Lexus were brave enough to put it in to production.