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2013 Lexus LS – first official photo

The 2013 Lexus LS is due to be revealed on Monday but Lexus has already revealed the first official photo of the new LS. We reported earlier this month that the new 2013 Lexus LS was on the way – including an LS F Sport version - and that Lexus would be revealing their new flagship on 30th July. But hot on the heels of a couple of leaked photos of the new LS, Lexus has decided to be pragmatic and release an official first image of the 2013 LS ahead of the official reveal next week.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

2012 BMW M5 revealed in production trim

The wraps have been torn off the fire-breathing 2012 BMW M5. And, as expected, the Bavarian luxury maker is going in a different direction under the hood. BMW is eschewing a naturally aspirated powerplant in the new M5, whose high-revving roots date to the 1980s, in favor of a 4.4-liter twin-turbo V8 pushing out about 552 hp.