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Video: Chevrolet C7 Corvette digital gauges teased

Chevrolet has released a new teaser video of its new C7 Corvette revealing more interior details and its new digital gauge cluster. With the 2014 Chevrolet Corvette's debut at the Detroit auto show rapidly approaching, the carmaker's latest teaser shows a new 200-mph speedometer and an all-digital screen featuring a large, centralized tachometer and information display. The latest teaser comes two weeks after another video showed the new Corvette testing in the wind tunnel, giving us minor glimpses of the C7. Within the first five seconds you can see a profile shot of the covered-up C7 before some flashes of design sketches.

Honda Fit EV prices drop

Responding to price-dropping offers from other automakers on their electric vehicles, Honda will slash the lease deal for its Fit EV starting in June. From the current level of a zero-down, $389/month lease, Honda has lowered the price to zero down and $259/month. Also, for any current holder of a Honda Fit EV lease, effective June 1, their monthly lease payment will also drop to $259 a month.

Lexus gets new focus

Battered by recalls and public inquisitions, Toyota is hoping to restore its once-pristine image with new hybrid products and a renewed focus on Lexus. Lexus increasingly will be positioned as a “global premium brand,” the company said on Wednesday, and see improved styling, more hybrids and better service. The brand's sales have fallen 9 percent this year, to 26,674 in the United States.