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Toyota's global design chief Tokuo Fukuichi appointed president of Lexus

Toyota's global design chief Tokuo Fukuichi will be the first designer to sit on the company's board of directors when his appointment comes into effect on 1 April. Fukuichi will retain his position as global head of design for the Toyota, Lexus and Scion brands and will join the board after the general shareholders' meeting. His influence on Toyota's design direction over the last few years has been noticeable, particularly with Lexus, as the company strives to make its traditionally very conservative products a little more exciting.

NHTSA investigates fuel-tank problem with 2004 Chevrolet Corvettes

The National Highway Traffic Safety Administration has opened an investigation into a potentially leaky fuel-tank problem with the 2004 Chevrolet Corvette. The investigation was launched on May 12 and covers an estimated 33,000 Corvettes. There have been 30 reports from consumers alleging either leaking liquid or fuel vapor coming from a tank, NHTSA said.

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.