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Takata files for banktupcty

Takata's U.S. division has filed for Chapter 11 bankruptcy in a Delaware court, according to Reuters. Its Japanese parent company is expected to file for bankruptcy protection in Japan later today. Its liabilities could reach $50 billion in the U.S. alone.   

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Aston Martin Valkyrie getting 1,130 horsepower?

Aston Martin's upcoming Valkyrie will offer 1,130 horsepower, according to Road & Track. It will weigh 1,030 kilos (2,270 pounds), meaning it will boast a 1.1:1 power-to-weight ratio.   

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Updated Toyota Land Cruiser 150 leaked

Toyota's updated Land Cruiser 150 has surfaced online a few weeks before its official debut. Known as the Lexus GX in America, the Land Cruiser 150 gets a more squared-off look with angular headlights and a smaller grille. U.S. sales still aren't planned.   http://bit.ly/2tITZvK

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Citroen C4 Cactus getting major makeover?

Citroen's funky C4 Cactus crossover (pictured) is in for a major makeover, according to Auto Express. It needs to replace the standard C4, so a mid-cycle face-lift will give it less ground clearance and a less SUV-like look, transforming it from a crossover into a hatchback.   

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This is the 2018 BMW X3

Leaked images published by BMW's Hong Kong arm have prematurely revealed the brand-new 2018 X3. Longer and wider than before, the X3 gets a sharper-looking front end and a more modern interior.   http://bit.ly/2tIpJkB

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Porsche 917 that starred in Le Mans movie up for grabs

A 1970 Porsche 917K that starred in Steve McQueen's movie Le Mans will cross the auction block during this year's Pebble Beach Concours d'Elegance. Gooding & Company expects it will sell between $13 and $16 million.   

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Belgian beats hypermiling record

Two Belgian hypermilers have set a new distance record for production electric vehicles. Driving at a steady 24 mph for 24 hours, the duo managed to squeeze 560 miles of range from a Tesla S 100D.   

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Geely to build Lotus cars in China?

Volvo parent company Geely just bought a controlling stake in Lotus. Executives want Lotus to be profitable, so they're considering shifting at least part of the production from England to China.   

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Potential Takata whistleblower and Honda engineer admits he had it wrong

A Honda engineer who believed he had inside information about the Takata airbag failures walked back his claims this month in a sworn affidavit submitted to a Florida court. In an email sent by the engineer to a colleague in 2013, he claimed that he knew the root cause of Takata's airbag issues. In light of the federal government's investigation of Takata's faulty inflator design, he now says he had it wrong, Reuters reports.   http://reut.rs/2tDmH0O

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VW waives appeal in German Dieselgate cases, will buy back vehicles

In the wake of German court rulings in favor of plaintiffs seeking compensation following Volkswagen's diesel emissions scandal, the company has decided to forego the appeals process and agree to begin a buyback program, Reuters reports. This is a significant reversal of position for the German automaker as VW has long held that its emissions work-arounds did not violate European laws and thus didn't warrant any sort of compensation program like those implemented in the United States.   http://reut.rs/2t3IeTo

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