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Shark-inspired Peugeot Exalt set for Beijing

This is the new Peugeot Exalt concept – a sleek, new sporty saloon that's set to make its debut at the Beijing Motor Show later this month.   A suitable follow-up to the Peugeot Onyx? The turbo petrol plug-in hybrid drivetrain provides 340hp The Exalt builds on the equally stunning Peugeot Onyx concept from the 2012 Paris Motor Show, and the Peugeot Exalt is set to make its debut at the 2014 Beijing Motor Show, with the Chinese market increasingly important for Peugeot and its rivals.

Toyota recalls Lexus cars for fuel-system fixes

Toyota Motor Corp., struggling to restore its reputation for top quality, on Wednesday recalled nearly 1.7 million vehicles globally for a variety of fuel system related problems, including 245,000 Lexus IS and Lexus GS sedans in the United States. The North American vehicles are being called back to inspect for possibly faulty installation of fuel pressure sensors. In cases where the sensor is not fastened tightly enough, fuel can leak between the gasket that connects the sensor to the fuel delivery pipes, Toyota said.

Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.