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News watch November 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 November 2012• Europe's trade ministers are looking at a free-trade pact with Japan, despite resistance from EU car manufacturers. Currently Japanese cars attract a 10% tariff upon import to Europe.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Lexus RC-F (2014) first teaser shot

By Ollie Kew First Official Pictures 09 December 2013 17:00 Lexus has confirmed a new F-model coupe will have wheels, a large vent inspired by the old IS-F super-saloon, and trademark ‘Ultra Blue’ paint. This is the joy of teaser shots – a supposedly exciting drip-feed of detail pictures that actually make a car’s final reveal a complete anti-climax. Take note, Mini Vision concept and Corvette Z06… Though Lexus won’t confirm as much (oh, the teases!), we’re expecting to see the hot new RC-F coupe launched at the Detroit motor show in January 2014.