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Mercury lives--on the auction circuit

James Dean famously drove one in Rebel Without a Cause, and perhaps Mercurys have never been cooler. That was more than 50 years ago and the brand is now on the verge of extinction. But as Plymouth, Pontiac and even Edsel have shown, some brands have legs that stretch long after new cars are gone from dealerships.

Nissan expects 20,000 initial orders for Leaf EV

Nissan North America will begin taking sales orders for its new Nissan Leaf electric vehicle next spring and expects to have 20,000 of them pre-sold by the time the model reaches U.S. showrooms in the third quarter. “We are confident we will have 20,000 reservations for the Leaf by the time it goes on sale,” Carlos Tavares, Nissan's chairman for the Americas, said Tuesday.

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.