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New Lexus RC F to rival BMW M4

Lexus has confirmed the first details of a new RC F high performance model, which will debut at the Detroit Motor Show 2014 next week. Driven by what’s said to be the most powerful 5.0-litre V8 ever offered by Lexus, the RC F is set to top the new RC coupe range that was unveiled at the 2013 Tokyo Motor Show last November. A spiritual successor to the old Lexus IS F, the RC F will become the first rival to challenge the new BMW M4 later this year.

Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.

Lambrecht Chevrolet auction update: More detail on the cars

In about seven weeks, roughly 500 cars from Lambrecht Chevrolet in Pierce, Neb., will go across the auction block. And pre-bidding has already started on this massive time-capsule collection, accumulated over the course of many decades by Ray and Mildred Lambrecht, a husband and wife team who ran the dealership for more than 50 years. Autoweek will be in Pierce, Neb., to cover the sale in late September and to preserve a sample of the dust on the dealership floor for scientific study.