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Disney and Pixar announce 'Cars 3'

Variety is reporting that Pixar will introduce a third chapter to the "Cars" franchise, the company's second trilogy behind "Toy Story." It will join a long-awaited sequel to "The Incredibles," written by Brad Bird, a sequel to "Finding Nemo," and a sequel to "Planes" called "Planes: Fire and Rescue." That one will come out this year, on July 18. The first "Cars" was something magical, a love letter from car guy John Lasseter to the insular world of car enthusiasts. The second "Cars" sold over $2 billion in merchandise and was a massive commercial success.

Lexus LF-A still on the cards

With the car world in turmoil, and buyers running scared of high performance cars, most of the car makers around the world are shelving their high-end projects until things settle down. Honda has announced that it has put its NSX replacement on ice (although it is apparently still going to show it at Detroit) and other manufacturers are concentrating on their frugal products. But Toyota is taking a different tack.

Lexus Fashion Workshop designers make car parts fashionable

Lexus is moving from the road to the runway with a new ad campaign set to appear in Vogue magazine. As part of the Lexus Fashion Workshop, the carmaker challenged four fashion designers to create wearable pieces using materials from a dismantled Lexus CT hybrid. The challenge is "elevating the notion of recycling to an art form," according to Lexus, which says the CT hybrid is 90 percent recyclable.