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Lexus IS 300h promises unrivalled ownership costs

The new Lexus IS - launched at Detroit in January and costing from £26,495 for the IS 250 in the UK – actually offers ownership costs that eclipse diesel offerings from the likes of Jaguar, BMW, Audi and Mercedes, say Lexus. Despite the logical assumption that the complex hybrid powerplant in the IS 300h would cost more to maintain, Lexus say the opposite is true. Because it has no clutch and the starter motor and alternator are integrated they require no servicing or replacement and Lexus has fitted a timing chain instead of a timing belt, so it won’t need regular replacement either.

Mercedes-Benz buys naming rights to the Louisiana Superdome

New Orleans' Louisiana Superdome, home at one time or another to Super Bowl champions and Hurricane Katrina refugees, is now home to a luxury-car brand. The arena was renamed the Mercedes-Benz Superdome this week after the carmaker acquired naming rights for 10 years. "The investment being made by a premier international brand who believes in 'the best or nothing,' is a tremendous compliment to all of those who worked so hard to make the stadium what it is today," said Tom Benson, owner of the NFL's New Orleans Saints.

Jaguar Land Rover reports record sales and profits for 2012/2013

Jaguar Land Rover – record sales, revenue and profits Tata must be thanking their lucky stars they took a punt on Jaguar Land Rover 5 years ago when the rest of the car world thought they were a bit of a lost dog, because it’s now JLR that are the shining star in the Tata group, with Tata motor sales languishing in troubled waters. JLR has reported record figures for the 2012/2013 year, with vehicle sales hitting 374,636 (up 22 per cent), revenue up at £15.8 billion (up 17 per cent) and pre-tax profits at £1.675 billion (up 11 per cent) on the back of continuing success for all models – and especially the Evoque – and the launch of more new models to offer great promise for even better figures in 2013/2014. This models have included the new Range Rover, the Jaguar XF Sportbrake, new 4WD versions of the XJ and XF (although not for the UK) and new engine options too.