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Toyota to close Australian design studio

Toyota designers at its Technical Center Asia Pacific Australia (TTCAP-AU) are to lose their jobs as part of Toyota's decision to scale back the facility's activities as well as halting all manufacturing within the country by 2017. The TTCAP-AU, which carries out all its Australian design and evaluation operations, employs 150 designers and modelers and it's possible that its activities with the Camry, Camry Hybrid and Aurion models could be scrapped, raising doubts over its future. Around 2,500 employees at Toyota's Altona manufacturing plant are expected to lose their jobs, although the effects are likely to be wider ranging.

2012 Buick Verano compact teased

Buick is teasing its future compact sedan called the Verano. A picture of the small car was released on Thursday along with the news that General Motors would spend $145 million to upgrade a factory in Lake Orion, Mich., to build the Buick and a Chevrolet small car. The Verano would be a 2012 model.

CAR Most Wanted of 2014: Ferrari 458 Speciale

By the CAR road-test team First Official Pictures 23 December 2013 10:50 The first time we checked out the Ferrari 458 Speciale, it was parked tantalisingly in the bowels of the Ferrari’s Maranello factory. Tech boss Roberto Fedeli told us how Ferrari had calculated the Speciale would be an even higher performer: 10% lighter, 11% faster response, 40% quicker through the gearbox, and squeezing out an extra 34bhp from its 4.5-litre V8. Since then, we’ve driven the 202mph 458 Speciale, which Ferrari claims is different (not better than) a 458 Italia, and designed to appeal to a different kind of customer.