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Lexus sales up but Toyota's profits tumble

By Ben Whitworth Motor Industry 13 August 2008 13:25 With spiralling fuel prices, luxury off-roaders may be seen as the devil on wheels in the UK’s current cash-strapped economic climate – which would explain why last month saw a sharp drop in SUV sales at BMW, Audi and Mercedes. But not at Lexus. July 2008 sales of the company’s RX400h hybrid off-roader climbed 28 percent over the same period last year, rising from 223 to 285.

Spyker in negotiations to sell its sports-car business to focus on Saab

Spyker Cars said Thursday it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov. Spyker, which bought Saab from General Motors Co. a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to U.K.

Whos Where: Hakan Saracoglu appointed design director of Chery's Shanghai studio

Hakan Saracoglu has been appointed director of Chery Motor's Shanghai design facility. He will work alongside director of corporate design James Hope who continues in his role overseeing Chery design. Turkish-born Saracoglu joins the Chinese state-owned manufacturer from Porsche where he worked from April 1998.