Lexus LF-LC Coupe heading for production

It looks like the impressive Lexus LF-LC Concept is heading for production as Lexus tries to inject some sportiness in to their brand. The stunning Lexus LF-LC Concept we saw at the Detroit Motor Show in January was certainly the most impressive Lexus concept for some time, although Lexus made it clear it was just a showcase of what their US designers were capable of envisaging. But we thought at the time that the LF-LC had potential as a proper halo coupe for Lexus (ignoring the stand-alone, madly priced LFA) that could be brought to market as an LS Coupe – the Lexus LC, perhaps?

Ferrari 599XX raises €1.4 million in Ferrari earthquake auction

The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.

The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.