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Toyota Hybrid-R concept is 400hp Yaris

Toyota Toyota has confirmed the Hybrid-R concept is based on an existing production model – but it won’t be a souped-up version of the GT86 sports car as we initially suspected. Instead a new picture reveals something far more radical: the Hybrid-R is a 400hp petrol-electric Yaris. Yes, Yaris.

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

VW boss Bernhard quits

By Tim Pollard Motor Industry 12 January 2007 09:57 Volkswagen boss Wolfgang Bernhard has quit the company as part of a shake-up at Europe's biggest car maker. The news comes as little surprise after months of uncertainty and change at the top of VW. Bernhard built a reputation as an abrasive operator in his short stint as CEO of the Wolfsburg company and had numerous confrontations with unions as he pushed through more modern working practices.