In this week's news, Lexus could be bringing back high-performance, BC drivers should check for a cheque sometime soon, Hyundai, Kia, and Apple are apparently off again, while auto sales were down in January and computer chip shortages could make that situation worse.

The pinnacle of performance at Lexus has been the F badge for a few generations now, and while the V8-powered performance cars that have worn that badge have been gone for a while, a new report says that they’re coming back. Japanese auto mag Best Car says that the IS, LS, and LC could all get an F version very soon, each packing a turbocharged V8. The report says the IS F would get a 474 hp 4.0-litre, while the LS F would get 661 hp to take the fight to the Mercedes-AMG S63 and the LC would share that same engine and compete with a host of flagship performance coupes.

news roundup: lexus v8, chip storm, insurance refunds, more

British Columbia’s private auto insurer ICBC has said that it will be sending out rebates to a wide range of customers to reflect a cost decrease resulting from COVID-19 lockdowns and changes to behaviour, The company said that lower claim costs and fewer collisions reported means they can return $600 million to customers with an active policy between April 1 and Spet 30 of last year. The rebates will be based on the amount paid, and doesn’t go to those with storage or per-km-based policies, but it will be around 19 per cent of customer premiums paid during that time. That means approximately $190 per customer, but that figure varies depending on your actual premium. Cheques go out in mid March.

news roundup: lexus v8, chip storm, insurance refunds, more

A shortage of computer chips caused by increased demand for consumer electronics and hampered by production issues related to the pandemic is hitting the auto industry hard in recent weeks. General Motors has announced that it will stop production this week at its plant in Ingersoll, ON, as well as a plant in the US and one in Mexico. Ford had also said that it would be idling palnts in the US as well as its factory in Oakville, ON, for a similar period. Unifor Local 444, which represents workers at the Stellantis minivan plant in Windsor, ON, said that the auto plant there would be idled for three weeks, again due to the same shortage. The semiconductor shortage is expected to affect auto production for much of the year, across manufacturers.

news roundup: lexus v8, chip storm, insurance refunds, more

After a week of on again, off again talk of Apple and Hyundai or Kia joining together to build the Apple Car, a still unconfirmed project, that set stock prices of automakers aflutter, we have today what seems to be a final answer. Hyundai Motor Group, which controls Hyundai as well as Kia, says that it is not now in talks with the tech colossus to build its car. “We are not having talks with Apple on developing autonomous vehicles,” the company said in a statement to comply with stock market rules voering rumours. Though of course that doesn’t rule out conventional non-autonomous electric vehicles, which will probably lead to plenty of new rumours this week.

news roundup: lexus v8, chip storm, insurance refunds, more

Auto sales in Canada fell sharply in January after making a significant recovery through most of late 2020. Sales were down an estimated 17.4 per cent to 90,980 units reported Desrosiers Automotive Consultants. Of the automakers that report monthly sales, Honda Canada, Subaru, Toyota Canada, and Hyundai-Kia all reported sharp declines. With much of the country under lockdown in January, that’s to be expected. Inventory shortages, related to last year’s demand and the shortages of parts including semiconductors, could also be contributing.

news roundup: lexus v8, chip storm, insurance refunds, more

Keyword: News Roundup: Lexus V8, Chip Storm, Insurance Refunds, More

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Lexus has a gigacasted Model 3 fighter it will actually build — in 2026

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View more: Lexus has a gigacasted Model 3 fighter it will actually build — in 2026

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View more: Lexus LF-ZL Concept Previews A Future Flagship EV With An AI Twist

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View more: Lexus LF-ZC Concept Previews Future Production Electric Hatchback

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Lexus, known for its commitment to pioneering technology, has unveiled a series of new battery electric concept models at the first Japan Mobility Show. With the theme “Pushing the Boundaries of the Electrified Experience,” Lexus offers a glimpse into its plans to maximise the potential of electrification and new ...

View more: Lexus Unveils Next-Generation Battery Electric Concept Models

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These preview the brand’s direction

View more: JMS 2023: Lexus reveals the LF-ZC and LF-ZL concepts

Lexus LF-ZL: Meet The Lexus Flagship's Electric Future

It's said to be "a prestigious ownership experience beyond just the car."

View more: Lexus LF-ZL: Meet The Lexus Flagship's Electric Future

Lexus Set to Kick LF-ZC Concept into Production by 2026

Lexus has taken to the Tokyo Mobility Show to unveil a radical new battery-electric concept vehicle that the company says will be put into production by 2026 – that car is the LF-ZC concept. While the name derives from the not-so-interesting phrase for ‘Lexus Future Zero-emission Catalyst’ (LF-ZC), the styling ...

View more: Lexus Set to Kick LF-ZC Concept into Production by 2026

The Lexus LF-ZC Is An Audacious Electric Sedan Headed To Production In 2026

Software services, AI, sustainable materials—this wild Lexus has it all.

View more: The Lexus LF-ZC Is An Audacious Electric Sedan Headed To Production In 2026

Akkodis ASP confirms two-car Lexus LMGT3 pursuit

MY24 Lexus UX 300e Arrives with Significantly Larger Battery, Priced from $79,990

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2024 Lexus IS Arrives With Design Enhancements, Up To $1,750 Higher Price

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2024 Lexus RC, RC F Arrive With Minor Changes, Same Engine Lineup

Lexus and Subaru tease new sporty electric vehicles ahead of Japan Mobility Show debut

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