Author: Automotive News Breaking News Feed

Lexus will reach a global sales record this year, a top executive said while unveiling the close-to-production prototype of the luxury brand’s RC sporty coupe.

Mini — feeling some heat from new rivals, notably the Fiat 500 and Chevy Spark — is upping its game with the third-generation Cooper hardtop and loading the venerable mini car with premium high-tech safety, performance and infotainment features.

Daimler is set to sign a final agreement to buy a 12 percent stake in Beijing Auto’s passenger-car unit on Tuesday, securing a stake in its Chinese joint-venture partner ahead of a planned initial public offering.