While GM is being swamped with the persistent rumors surrounding the addition/dissolution of Chrysler, Ford's rumor mill has been heading in the complete opposite direction. It appears Volvo is on the way out of Dearborn, but Mazda may be sneaking through the exit first. Recent reports since disputed by Mazda have Ford selling off a portion of its 33.4% stake in the Japanese automaker, which means the Blue Oval would lose majority ownership status.

Click above for high-res gallery of the Japanese F1 GP

This could be Japanese-only news, or just a case of bad translation, but Toyota Managing Officer Toshio Furutani has apparently told Japan's Nikkei Business News that Toyota wants every vehicle in the Lexus product line to offer a hybrid option, and that "in the medium to long term, Toyota was considering making the Lexus lineup hybrid-only."

Those wacky kids in Japan can do all kinds of things with their cell phones that those of us in the U.S. can't. Thanks to Nissan, Sharp Corporation, and NTT DOCOMO, the Japanese mobile communications company, they can now add car control to the list of possible cell phone features.

The phone uses the two-way communication of Nissan's Intelligent Key System, the same thing you use on your G37. For now, it can only lock and unlock the car and start and stop the engine, but if it takes off we imagine they'll add other options later. This is about convenience, not necessarily about sense -- if your phone gets stolen, that makes your car one more thing that the villains can abscond with.

Honda and Nissan are looking for ways to make cars lighter, better, and more recyclable, both for their own benefits and their customers. We've heard about the increased use of aluminum to save weight; next on the heavy R&D frontier could be carbon fiber. Both companies have teamed up with Japanese carbon fiber company Toray, and Mitsubishi Rayon -- a Japanese version of DuPont -- to research new, less expensive carbon fiber for cars.

Their efforts will be helped by the government, which is injecting two billion yen into the project over five years. The plan is that by the middle of the next decade, they'll be able to mass produce a cost effective carbon fiber and use it to reduce the weight of cars by 40-percent. And when they're finished with it, they will also be able to recycle it to reduce production costs.

Click above image for a gallery of the Corvette S-Limited

In celebration of GM's 100th Anniversary, GM Asia-Pacific has unveiled the Corvette S-Limited, a 30-car special for the Japanese market. priced at ¥7,980,000. The allotment is split evenly by color -- 15 in Arctic White and 15 in Black. All the cars get the full leather-wrapped interior package; a rear spoiler, mesh grillework , and screened inserts for the side coves and the plate between the exhaust outlets. 'Vettes in Japan are probably scarce enough that they still draw plenty of attention. Hey, in the land where the best-selling car's engine displaces 660cc's, a thundering, 430-horsepower American pushrod that displaces 6.2 liters is always gonna make people look. Appropriately, the Corvette S-Limited officially goes on sale on the Fourth of July.

Inside Line is reporting that the new, RWD coupe being developed by Subaru and Toyota will only be sold as a Subaru in markets outside of Japan, while the Toyota version will remain exclusive to the Land of the Rising Sun. The report goes on to say that the coupe will be based off the Subaru Impreza (despite Toyota/Subaru's own press release saying that it's an "all-new" platform) and that power will be provided by a naturally aspirated, 2.0-liter boxer engine producing 220 hp at 6,500 rpm.