92-94 Corvette C4 Abs Anti Lock Brake Computer Ebcm 10241014 on 2040-parts.com

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.

Chrysler to close Pacifica Advanced Design Studios

The 20 designers at Chrysler's Pacifica Advanced Design Studios in Carlsbad, California will soon be finding themselves out of a job. The struggling North American automaker announced the closure of the facility on Friday, stating that the company is ‘leveraging resources worldwide, forming new joint ventures and alliances and consolidating operations in order to better achieve global balance.' Responsible for many of the more successful designs hailing from Chrysler in recent times, including the Chrysler 300 sedan and the new Dodge Challenger musclecar, the Pacifica Advanced Product Design Center also yielded the Nassau concept car and the Pacifica crossover – bearing the same name as the west coast studios in which it was created. The work done at the Pacifica Advanced Design Center will be consolidated into the Advance Design function in Auburn Hills and continue to be led by Senior Vice President of Design, Trevor Creed.

Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.