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Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.

Aston Martin sales UP in 2013 – new platform being developed

Aston Martin sales and revenue up in 2013 Aston Martin has revealed its results for 2013 – its centenary year – which show the coolest car brand on the planet managed to increase sales by 11 per cent – to around 4,200 cars – and revenue to £519 million, an increase of 13 per cent over 2012. Aston Martin’s earnings before EBITDA (that’s earnings before interest, taxes, depreciation, and amortization) were up a strong 22 per cent to £84.8 million, demonstrating strong operating profitability, although actual earnings were marginal. But Aston Martin are bullish about the performance, and equally bullish about the future.

Crowds come back to Concorso Italiano at Monterey weekend

Organizers of this year's Concorso Italiano didn't know what would happen. New owner Tom McDowell had taken over the annual "Celebration of Italian Style" and moved the whole festival from the rather barren airport location to the sprawling Laguna Seca Golf Ranch just downhill from Mazda Raceway Laguna Seca. Would anybody show up?