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Lexus confirms plans for baby IS

By Ben Pulman Motor Industry 22 October 2008 14:15 Lexus has officially confirmed it will build a BMW 1-series rival. Speaking to the German media, European company MD Tadashi Arashima told reporters: 'We will offer a Lexus in the compact class'. He explained that Lexus needed 'smaller and more efficient vehicles' in the face of European CO2 regulations.

Camrys, Caddys and Civics--good-bye: Mainstream cars top stolen-vehicle report

Look out Honda and Toyota owners, your mainstream cars are hot targets for car thieves, according to LoJack's annual report. Apparently the high gasoline prices have hit everyone, including car thieves. Honda topped the list of recovered stolen vehicles, with the fuel-efficient 2000 Honda Civic being nabbed the most often for the second year in a row.

Chrysler rolls out 'No Payments for 90 Days' incentives

As worries grow of a second-half sales slowdown, Chrysler Group announced new incentives this week for 2011 and 2012 models. Under the “No Payments for 90 Days” promotion, buyers of 2011 or 2012 Chrysler, Jeep, Dodge or Ram Truck vehicles who finance their purchases through Ally Financial won't have to make payments for three months. The promotion runs through Sept.