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Lexus reveals 2013 GS sedan, launches new styling direction

Lexus on Thursday pulled the wraps off the redesigned 2013 GS sedan, revealing a sharper look that was previewed last spring with the LF-Gh concept car. The 2013 Lexus GS rides on a new rear-drive platform, although the car's wheelbase and exterior dimensions are nearly identical to the current car. Under the hood is a 3.5-liter V6 rated at 306 hp and 277 lb-ft of torque--marginally better than the output of the current Lexus GS 350.

Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

Porsche reveals Panamera Turbo S

PORSCHE has taken the wraps off its new Panamera Turbo S, built for those who think the regular Turbo is neither fast nor exclusive enough. Prices will start at more than £131,000 for the car, which uses a twin-turbocharged 562bhp V8 petrol engine and four-wheel drive to catapult its two-tonne bulk to 62mph in just 3.8 seconds, on the way to a top speed of 192mph. Fuel economy is recorded as 27.7mpg on the European standard ‘combined cycle’ average, but drivers in the real world should expect around 20.