Toyota to close Australian design studio

Toyota designers at its Technical Center Asia Pacific Australia (TTCAP-AU) are to lose their jobs as part of Toyota's decision to scale back the facility's activities as well as halting all manufacturing within the country by 2017. The TTCAP-AU, which carries out all its Australian design and evaluation operations, employs 150 designers and modelers and it's possible that its activities with the Camry, Camry Hybrid and Aurion models could be scrapped, raising doubts over its future. Around 2,500 employees at Toyota's Altona manufacturing plant are expected to lose their jobs, although the effects are likely to be wider ranging.

RM Auctions buys Auburn complex from Kruse

RM Auctions has bought the Kruse International Auction Park in Auburn, Ind., from financially troubled auctioneer Dean Kruse and plans to hold the site's annual Labor Day weekend car auction Sept. 2-6. Rob Myers, RM Auction CEO, said his company will spend the next several weeks making upgrades to the auction facility and lining up consignments.

Stinger Stuns At Detroit Motor Show

KIA has surprised the assembled crowds at the Detroit motor show with a stunning sports car concept, the GT4 Stinger. The Korean car company isn’t holding back with its new creation, as the low-slung coupe boasts rear-wheel drive, a 315 horsepower version of its current 2.0-litre turbo petrol motor and dramatic looks. Created by the firm’s Californian design studio, the GT4 Stinger is just the latest example of Kia’s determination to be seen as much more than just a value brand.