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Dear rich people, skip the SUVs and big sedans. Buy a coupe!

Pretty much from the first time I drove a Lexus LC, I fell in love with the car (and most of us on staff have similar feelings). And having spent a week recently in a 2022 LC 500h variant, I'm still as fond of it as ever. It is, in many ways, a near perfect grand tourer. It's got stunning good looks (confirmed by various strangers asking about it) with details at home on a concept car. I'll never get tired of the infinity mirror taillights. The interior does the same with leather and suede over nearly every surface and even more styling flair from the grooves in the doors to the floating handles. And finally, it's lovely to drive. Even with the hybrid engine, it's smooth and fairly swift, and the ride and handling are just on the sporty side of comfortable: great to commute in, and happy being pushed a little bit. It's a car that's so good, that I found myself wondering, why aren't there more of them? And I'm not just talking about LCs (even though the LC is so good it really deserves to be selling in massive numbers). Why aren't there more personal luxury coupes and grand tourers? It certainly wasn't always that way. The mid- to late-20th century was the heyday of the luxury coupe. America led the way with enormous Cadillac and Lincoln hardtops with as much sheet metal on either end as it had in the middle. But later in the century, as more luxury automakers jumped in, we got more svelte GT-style cars from BMW (8 Series), Lexus (SC), Acura (Legend) and more. Classy two-door luxury was a thing. But now the number of high-end coupes are dwindling not just in sales, but in offerings. Mercedes killed its S-Class coupe a few years ago, and it's been ages since we've seen anything of the sort from Cadillac, Lincoln and others. Ok, so I literally know why they're not much of a thing anymore, at least to an extent. Coupes just aren't the popular body style. That crown goes to SUVs. Just look at BMW's sales for proof. It sold around 1,400 8 Series models in the first quarter of this year, and that's including convertibles, coupes and the Gran Coupe four-door hatchback. In contrast, it sold more than 6,400 X7s, the effective SUV equivalent to the 7 and 8 Series cars. And I have no doubt that there's more going on than the desire for the big, truck-like shape. There's also the practicality of having an SUV.

Toyota's 'green bond' an industry first, quickly rises to $1.75 billion

Toyota is greasing the skids for more green car purchases with the announcement of a $1.75-billion bond designed to finance the purchase of high-efficiency Toyota and Lexus models. The Asset-Backed Green Bond is a first for the automotive industry and is making a lot of money available to buy or lease the following vehicles: any of the four Prius variants, Camry Hybrid, Avalon Hybrid, RAV4 EV, Lexus CT 200h and Lexus ES 300h. Originally, the bond was set at $1.25 billion, but Justin Leach, manager of public relations for Toyota Financial Services (TFS), told AutoblogGreen that demand was high and it was quickly oversubscribed. TFS has been looking at more ways to diversify its portfolio after a Diversity & Inclusion Bond that was announced in early 2013 and, with the new Green Bond, TFS is offering something for the "number of investors out there who are looking for investment opportunities in green." The way the money from the bond is used, basically, is that TFS takes the $1.75 billion and uses it to finance the purchase or lease of the nine vehicles listed above. As of right now, all the eligible vehicles are plug-in or hybrids, but the rules simply say that the cars in the program have to meet certain "powertrain, fuel efficiency and emissions" criteria. That means: Minimum EPA estimated MPG (or MPG equivalent for alternative fuel vehicles) of 35 city / 35 highway California Low-Emission Vehicle II (LEV II) certification of super ultra-low emission vehicles (SULEVs) or higher, which would include partial zero emissions vehicles (PZEVs) and zero emissions vehicles (ZEVs). TFS raises plenty of billions in other ways for the rest of the lineup, and got into asset backed securities in 2010, Leach said. Given the success of this first Green Bond, Leach said he expects TFS to keep this idea in its arsenal. "This one was so well received, I would be surprised if we didn't see it again," he said. "If anyone was going to do it, it should be Toyota, right?" Toyota Financial Services (TFS) Issues Auto Industry's First-Ever Asset-Backed Green Bond Bond Proceeds to Fund Consumer Loans and Leases for Toyota's Leading Portfolio of Green Vehicles TORRANCE, Calif., (March 24, 2014) – Toyota Financial Services (TFS) issued the auto industry's first-ever Asset-Backed Green Bond in the amount of $1.75 billion.

Toyota announces two recalls affecting 1M Corolla, Matrix and Lexus IS models

The recall bug strikes Toyota again. The automaker has issued a voluntary recall of three models that, in total, represent more than one million units. Around 752,000 2003-2004 Toyota Corolla and Matrix models are being recalled for airbag concerns, while a windshield wiper issue is causing the recall for close to 270,000 Lexus IS sedans from the 2006-2012 model years.
Completely unrelated to the small airbag-related recall issued earlier in the week, the Corolla and Matrix recall is caused by a faulty airbag control module that could potentially short circuit, which could lead to the front airbags or seat belt pretensioners deploying. The Lexus recall is due to a wiper arm nut that wasn't tightened properly, which can cause the wipers to not work when trying to clear heavy buildup such as snow.
Scroll down for a press release that includes more information, as well as details about how owners can contact the manufacturer directly.