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To thwart speculators, Lexus will lease, not sell, 500 LFAs

Lexus has a plan to head off speculators when its limited-edition LFA sports car goes on sale in January 2011. The company will offer only two-year leases for the $375,000 two-seater, said Brian Smith, vice president of sales and dealer development for Lexus division. Lexus will hang on to the vehicle's title.

Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

Aston Martin ditches Cygnet city car

CITY SLICKERS will no longer be able to cut a dash in a diminutive Aston Martin, following the company's decision to axe the controversial Cygnet from its range. The tiny Cygnet, which takes its name from a young swan, was an adaptation of the Toyota iQ, refitted with the finest luxury materials and priced at over £30,000. Its low CO2 output is rumoured to have been the main reason for the model’s presence in the range, since Aston Martin could in that way lower the company’s average CO2 output across the range in line with European emissions rules.