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Ford earns $2.6 billion in first quarter

Ford, helped by new models, rising U.S. sales, and a rebound in Europe, reported a first-quarter profit of $2.6 billion today. In the first quarter of 2010, Ford earned just over $2 billion.

Peugeot 208 GTi Concept (2012) first official pictures

This is the Peugeot GTi Concept, and it's a near-200bhp hot hatch that Peugeot will unveil at the Geneva motor show in March 2012. Unveiled alongside it will be the Peugeot 208 XY Concept.  The Peugeot 208 GTi Concept is technically still a concept, but the hottest Peugeot 208 already runs a THP 156 engine, so the mule our spies spotted cold weather testing is thought to be an early prototype for a production version of the GTi.

Lexus IS F ends production to make way for the new Lexus RC F

The Lexus IS F is no more The Lexus IS F was the car Lexus hoped would take the fight to cars like the BMW M3. But in the 7 years the IS F has been on sale it’s only managed to shift around 11,000 units, partly because it just didn’t have the dynamics or power of the M3, but also because few yet consider Lexus a ‘Performance’ brand. So the Lexus IS F has now ended production after a less than stellar sales showing, and Lexus are instead pinning their hopes for a credible M3 beater in the new RC F.