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Krafcik says US Gov. shutdown is slowing Oct. auto sales

The government shutdown is eroding consumer confidence in the auto market, says John Krafcik, CEO of Hyundai's US sales unit, and could lower October sales by as much as 10 percent, Automotive News reports. "It's that anxiety that keeps customers, potential buyers, on the sidelines when making a big purchase like an automobile," Krafcik says, adding that industry sales could be off by five to 10 percent in October compared to September.
The fourth quarter, which started October 1, usually consists of increased auto sales as dealerships clear their lots to make room for the next year's models. Leading up to the fourth quarter this year, the auto industry was doing well in the fragile, recovering US economy, although September deliveries decreased by 4.2 percent, due in part to this year's Labor Day sales being recorded for August.
To help its customers, Hyundai announced it is deferring new-car loan and lease payments for furloughed federal workers until they're called back to work and also offering them a three-month payment deferral if they buy a new Hyundai in October. "We have already had requests from over a thousand people to have their payments deferred," Krafcik says.

Toyota may return to F1 under Lexus banner

A new report in from the website Club Lexus claims to have insider knowledge about a return to Formula One racing by Toyota, this time under the auspices of the Lexus brand. Toyota competed in F1 from 2002 through the 2009 season. That final year saw the team return competitive, if inconsistent results, but the larger economic woes in the automotive market made a decision to pull the plug relatively easy at the time.
Now, citing recent interviews with Toyota executives and insider sources, Club Lexus says that the move to re-enter F1 for the 2014 season is "all but finalized." The choice to go with the Lexus nameplate over Toyota makes some sense, too, considering the success that rival Infiniti has had in recent years through its partnership with Red Bull Racing. Further, the emerging Lexus identity as a performance car builder, with a strong background in hybrid vehicles, could help the F1 move resonate with buyers.
A few technological factors and formula changes within F1 offer some credence to the Lexus rumor, too. F1 will increase the available capacity of KERS from 60kW to 120kW, a change that theoretically benefits the hybrid-savvy Toyota. What's more, 2014 will see a switch from the current 2.4-liter V8 engines to 1.6-liter turbocharged V6s. A Lexus team that goes racing in 2014 will be on a level playing field with the rest of the grid then, with all teams adjusting to and continuing to develop the new engines.

2023 Lexus RX loses the V6, picks up more hybrids

The overhaul of the Lexus SUV line-up continues this year with the 2023 Lexus RX. This new version of the luxury brand's mainstay is fully redesigned, and gets a roster of new engines, including the RX's first plug-in hybrid. The SUV is now based on the TNGA-K platform, which also underpins the smaller Lexus NX and the Toyota RAV4, among many others. It and other unnamed tweaks have made it so that the new RX is as much as 198 pounds lighter than the outgoing model. And with the platform change comes the abandonment of V6s. The base RX 350 will come with a turbocharged 2.4-liter four-cylinder making 275 horsepower and 317 pound-feet of torque. It can be had with front- or all-wheel drive and an eight-speed automatic transmission. It will get the RX 350 to 60 mph in 7.5 seconds with front drive and 7.2 seconds with all-wheel drive. Fuel economy is rated at 24 mpg. The RX 350h gets a naturally aspirated 2.5-liter four-cylinder hybrid mated to a CVT, plus a rear electric motor for all-wheel drive. It gets to 60 in 7.4 seconds and returns 33 mpg. The RX 450h+ will be the line's first plug-in hybrid. But Lexus hasn't disclosed any details about the powertrain. It's possible it could be the 302-horsepower hybrid unit from the NX 450h+. Rounding out the line-up is the RX 500h F Sport Performance. It combines the turbo four-cylinder with an electric motor, six-speed automatic and a rear electric motor. This gives the SUV 367 horsepower and 406 pound-feet of torque. The 0 to 60 run happens in 5.9 seconds and fuel ceconomy comes in at 26 mpg. Lexus also fits this model with six-piston brake calipers, unique styling, paddle shifters and other interior accents. Of course, all new RX models have notably different styling from its predecessor. The proportions are tweaked thanks to the 2.36-inch longer wheelbase, and a shorter rear overhang by the same distance. The overall size is basically the same, but the whole SUV has a more cab-rearward appearance. The front grille is a new take on the trademark Lexus design that features a more solid upper section. More body color cladding also makes an appearance. The interior follows in the footsteps of the NX with a better integrated touchscreen infotainment system. It also features the same upgraded infotainment system that is a massive improvement over old Lexus systems. At least two sizes are available for the screen, the larger being 14 inches.