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McLaren genius joins supercar project

By Phil McNamara Motor Industry 11 August 2006 06:49 Gordon Murray – the engineer behind the 240mph McLaren F1 – is now working on a racer that could dethrone the F1 as the ultimate lightweight supercar. Murray has joined forces with former colleagues from McLaren Cars who left to create the Caparo T1, a highly focused, ultra-lightweight sports car. Murray becomes director of advanced concepts at Caparo Vehicle Products.

GM moves Nesbitt back to design group in management shake-up

General Motors has made big changes to its top management structure, splitting apart its sales and marketing activities and naming new bosses for each discipline. The goal is to reduce layers of management under Mark Reuss, GM's president for North America. Among the key changes: -- Designer Bryan Nesbitt, who was made chief of the Cadillac brand last fall, is going back to the design group.

Toyota Prius slashes price to match Honda Insight

Toyota Motor Corp. is going for the jugular with its redesigned Prius, setting a 2.05 million yen starting price ($20,750) in Japan that is on par with the newly released Honda Insight. Toyota notified Japanese dealers of the cutthroat pricing policy for its redesigned 1.8-liter gasoline-electric hybrid on March 25, dealers in Japan say.