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Toyota is gearing to roll out a small car in 2013 specifically for markets in China according to a recent report.

The new small vehicle will be a bit bigger than the budget car Etios which is marketed in India. The city car will have a 1.5L engine running on gasoline under its hood. Initial reports suggest that the new Toyota will have a starting price of around $12,853 or about a million yen.

The car manufacturer wants to keep its cost of production as low as possible by making use of parts from Etios. It will also be pouring in around forty billion yen to have production line in China with a volume outlook of around 200,000 cars per year.

Toyota wants to get a bigger chunk of the booming automotive market in China and wants to get a share of as much as 5% of the automobile market in China. Part of the plan is to launch the new car and strengthen its joint ventures with Guangzhou Automobile Group and China FAW Group.

Toyota is also planning to increase the production of Etios in India by more than doubling its production. They aim to make around 190,000 units come 2013. The company also plans to roll out another budget car in their market in Brazil by next year following a production forecast of around 70,000 units per year. They have the same plan of releasing a low cost model in Indonesia.

German automobile giant, Audi AG, has finally released the official concept design of the A5 DTM concept race car which will make its debut during the International Frankfurt Motor Show this year. The A5 DTM race car has been called the R17 internally and is set to replace the A4 DTM four-door model, the one that has earned Audi its four Deutsche Tourenwagen Masters titles.

While the German automaker was hush-hush about the A5 DTM race car concept design’s specifics, the brand, however, confirmed that the A5 DTM race car will be unveiled with a heavy duty carbon-fiber monocoque. It will also have a steel roll cage, which, that the automaker confirmed, has passed the latest regulations on automobile safety. Furthermore, the front and rear crash absorbers requirements have been upgraded as well. The sidewalls of the A5 DTM race car boasts of a hybrid concept that combines Rohacell, carbon, and Zylon for increased side impact protection by almost four times.

Under the hood, the A5 DTM race car will roll out with a V-8 Engine with 460 horsepower or 340 kW of power. The A5 DTM will have a six-speed transmission.

The production of the initial prototype of the A5 DTM race car or R17 has been reported to be in full throttle in Audi Sport in Ingolstadt, Germany. While we have seen the outstanding rendering of the A5 DTM concept race car, we just have to wait for this year’s International Frankfurt Motor Show for its full unveiling.

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In celebration of the 60^th anniversary of Toyota’s Land Crusier line, there will be two special edition models fashioned after the Land Cruiser V8 and its average five-door model as announced by the Japanese car company’s European arm. The two special edition Land Cruisers would be rolling into the showrooms with a smashing set of 18-inch alloy wheels, genuine leather seats, upgraded audio system, and a badge to represent the line’s 60^th anniversary celebration.

In terms of under the hood performance, the standard D-4D 3.0-liter diesel engine has been given a horsepower raise for up to 188bhp. That’s an additional 11 hp from the standard one. Also, it now has additional 10 Nm of torque and now functions with 420 Nm and still it retains its original figures in terms of fuel-efficiency. To make the power plant pass the stricy Euro 5 regulations, a diesel particulate filter can be added.

The price for the 60^th Anniversary Land Cruiser Edition starts at £49,950 with its V8 counterpart carrying a £61,950 price tag. Both special edition models are out in the European market today.

Oh and let’s not forget that the three-door Land Cruiser is also available on the market once more and comes with manual gearbox and a LC3 level. Standard specs like Vehicle Stability Control, climate control, Bluetooth, fog lamps, a set of 17-inch alloy wheels and a 6-speaker audio are include in the model with a price tag of £30,395. We still don’t know if the 3-door Land Cruiser is part of Toyota’s celebration but one thing’s for sure, a lot of LC fans have waited long for it.

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McLaren announced this week the pricing for the MP4-12C in the United States will start at $229,000 exclusive of the $,2400 delivery fee. The McLaren MP4-12C is expected to hit US dealerships this summer.

Surely, the MP4-12C is not coming in cheap but the announced retail price is on the low side of the first estimated sticker price starting at $225,000 through $250,000. The McLaren MP4-12C is also slightly priced higher than the 458 Italia of Ferrari which starts at $225,325.

The McLaren MP4-12C has a twin turbo V8 3.8L engine that gives out 592 horsepower with a torque of 442 lb.-ft. This powerful engine is paired with a double clutch gearbox that helps the car get from 0 to 100 kilometers per hour in just 3.8 seconds. The top speed can get over 300 km/h.

This McLaren also comes very light at 2,900 lbs due primarily to the monocell chassis made from carbon-fiber. This achievement in the design and materials used for the car makes its tag price reasonable.

The 12C is the first offering in a range of sports cars being rolled out by McLaren that will be sold through their 35 dealers across the globe. Ten of these dealers are based in North America specifically in Chicago, Beverly Hills, Dallas, San Francisco, Greenwich, Tampa Bay, Miami, Newport Beach, Philadelphia, and Toronto.

The MP4-12C will also come with some options to personalize the ride including 17 pain finishes that will be formally confirmed during the launch. There will also be 14 trims for the interior and performance upgrades ranging from the brakes, exhaust, and wheels.

According to the White House, American automaker Ford Motor Company has received a loan of $250 million (£158 million) from the U.S. Export-Import Bank.  The $3.1 billion in the entire loan amount will enable Ford to sell the 200,000 units of US-manufactured Ford vehicles in Canada and Mexico and double the company’s exports towards the next five years.

This is good news of all the U.S. manufacturers despite of what industry they are in.  The low interest loans of the U.S. Export-Import Bank can help them drive export deals upward.  During half of the fiscal year 2010 the U.S. Export-Import Bank has already loaned out around $17.4 billion.

The announcement of Ford’s loan took place when President Barack Obama visited Ford’s plant in Chicago, Illinois where the famed 2010 Ford Explorer is set to be assembled in the later part of the year.  The Ford Plant in Chicago is also set to give employment to almost 1,200 people. The automaker has been able to retool their assembly plant using the $5.9 billion in low interest loans that the U.S. Department of Energy granted to them.  The president aims to increase the manufacturing jobs in the United States by doubling their exports in the next five years.

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Germany declined the request of General Motors for state funding of their Opel-Vauxhall arm. Now, the car manufacturer approached the four states in Germany which host the Opel factories to provide some financial support. Opel will be liquid for remaining months of 2010.

Opel, however, needs to spend a few billion Euros to execute a reorganization that will cut jobs and decrease capacity by about 20%. The funds will also be utilized for the development of new products to make the brand profitable again. Since Germany rejected the request of GM, Opel will search for other sources of loan guarantees.

Opel applied for federal guarantees amounting to about 1.1 billion Euros from the bailout money called the Deuthschlandfonds from the government. The carmaker is seeking help from the 4 German states of North Rhine-Westphalia, Hesse, Rhineland-Palastinate, and Hesse.

The states approached by Opel have confirmed their readiness for the funding. Hesse, for example, can offer around 1.5 billion Euros for a guarantee program this year. Back in 2009, Hesse loaned to Opel 347 million Euros as part of a bridge loan and Opel has repaid this loan with interest.

The top executive of Opel asserts that the German states might be agreeable in extending the loan guarantees from 275 through 550 million Euros which they can use to source funds from the EIB or European Investment Bank.

The German Chancellor also suggested that the carmaker may benefit from other programs of the government with focus on greener technologies but no details about these have been supplied.

If there is one brand of car that I have noticed that has not come out with anything for years it is the Lamborghini brand.  While it is definitely a brand that is unique and different and does not have to come out with a new car all of the time – it is a celebration when it finally does unveil a brand new car … that is what happened here, the Lamborghini F22-inspired Reventon is going to be one of the most expensive cars of the year – topping off at about $1.6 billion dollars. 

The cool thing about the Lamborghini F22-inspired Reventon is actually that it is going to be a roadster that is losing its top – yes, finally … a Lamborghini that is going to be a convertible!  While this car is obviously not going to be for everyone – because who the heck can afford it?  It is a car for the filthy rich. 

Remember to check out the Lamborghini F22-inspired Reventon!  This car is going to rock all over the place!