Word: lexus
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...changes brought about by corporate bosses and government policymakers have had an evident impact--BMW alone has whacked $1.2 billion from its cost structure over the past three years--but it'll be hard to sustain that pace. Global competition shows no sign of letting up. Toyota's Lexus is starting to make inroads into BMW's European turf, while at home, rival Audi is turning up the heat, and Mercedes looks like a formidable competitor once again, now that DaimlerChrysler has agreed to sell off Chrysler to a U.S. private-equity firm...
...detractors have long complained about Singapore's paternalistic politics and its straitlaced social environment that can be as stuffy as its equatorial climate. "I tell people Singapore is the Lexus of countries," says David Martin, a U.K. citizen who moved to Singapore three years ago and now is general manager of the Marina Bay Financial Centre, a $2 billion office-and-residential project that is under construction in downtown Singapore. "Lexus could be the most well-made car out there, but it will never be as attractive as a Mercedes or BMW." This ambivalence is perhaps heightened by Singapore...
...these features make the XKR more competitive with sports cars from BMW, Mercedes-Benz, Porsche and Lexus. What those brands don't have is a model as visually dashing. Designed by Ian Callum, a Scotsman who created the gorgeous Aston Martin DB7, the XKR's flowing roofline tapers off to a rear end that's neither fussy nor overwrought. A few performance elements and design cues punctuate the body: air intakes on the hood, side vents and an R badge on the rear, emblazoned like Superman's S. But the car's elegance speaks for itself. As I pulled...
...Monday Toyota's Lexus division also moved into the fast lane, introducing a high-performance model, the IS-F Sedan, and a redesigned concept sports car, the LF-A. The F Badge will define a new generation of Lexus high-performance models and the specs look impressive: Lexus says the IS-F Sedan, due next year, will sport a 5-Lt. V-8 engine, producing more than 400 horsepower. It's more evidence that even as the Big Three try to follow its lead into green technology, Toyota has no intention of simply building eco-friendly cars - not when there...
DIED. Robert McCurry, 83, auto-industry executive who developed Toyota's luxury Lexus line in 1989 and, at Chrysler, created cash rebates to sell cars, now a standard practice in the industry; in Rehoboth Beach...