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To thwart speculators, Lexus will lease, not sell, 500 LFAs

Lexus has a plan to head off speculators when its limited-edition LFA sports car goes on sale in January 2011. The company will offer only two-year leases for the $375,000 two-seater, said Brian Smith, vice president of sales and dealer development for Lexus division. Lexus will hang on to the vehicle's title.

Cadillac to update logo?

Cadillac is working on the first major change to its logo in more than a decade, pruning away the classic laurel wreaths that surround its crest, several sources told Automotive News. The modified emblem is likely to appear on a concept vehicle that Cadillac plans to show next month at the Pebble Beach Concours d'Elegance in California. The redesigned badge would appear on production cars no earlier than the 2015 model year, and the plans could change, the sources said.

Maeda named new Mazda design boss, replacing van den Acker

Ikuo Maeda is the new head of design at Mazda Motor Corp. The man who is credited with styling the Mazda's flagship sports car takes over for Dutchman Laurens van den Acker, 43, who has decided to leave the company "to pursue other interests," the automaker said in a statement today. Van den Acker, who joined Mazda in 2006, will remain at the automaker until April 10 to ensure a smooth transition for Maeda, Mazda said.