Porsche picks new r&d chief as suspended Hatz quits

UPDATED: 5/3/16 10:15 am ET - adds statement

Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.

Freshening gives Lexus IS sedan a bolder look

Lexus unveiled a freshened IS compact sedan last week at the Beijing auto show with an aggressive, heavily creased front fascia that echoes those of

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