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At the ongoing Australian International Motor Show in Sydney, the same show where Australian sportscar-maker Elfin took the wraps off its new Type 5 Clubman, Lexus unveiled a new version of its IS 250 sports sedan called the Sports Concept.

So what, you ask is the Lexus IS 250 Sports Concept? Think of it as IS F-light, but not quite as light on substance as appearance packages from its German rivals (think Audi S-line or Mercedes AMG sport packages). The show car has been outfitted with 19″ wheels hiding cross-drilled two-piece rotors clamped by six-pot calipers up front and four-pots in the rear, painted trademark Lexus F blue. It also sports Billstein shocks and springs; sway bars and chassis braces; an enlarged air intake and cat-back exhaust; a new clutch and short-shift kit; a carbon fiber engine cover and an assortment of spoilers and skirts.

In short, what we’re looking at is an IS F, only without the 5-liter V8. The revised breathing systems squeeze out a modest 1.5 percent increase in output from the 2.5-liter V6 for a total of about 213hp. The add-ons are currently being considered for the Australian market, but we’re sure there are plenty of fans of the IS F on this side of the globe who don’t need to hit 60 in the fours and wouldn’t mind a more affordable alternative given the current economic climate.

If Drake, the ur-vampire from Blade Trinity, were a car, this is the car he would be. Starting with a CL600, tuning firm Kicherer didn’t waste time throwing pieces at the car’s already aggressive styling. Instead, Kicherer attacked the CL’s jugular: sloppy performance due to the car’s portliness.

The biturbo V12 gets 53 extra horses to corral 570 in total, torque gets smacked up to 664 lb-ft., the engine gets a new transmission control module to better deal with the extra juice, and out back, the rear axle gets a locking rear differential. The car is lowered an inch, and firmer springs help keep things settled when it’s go time. Will all this turn the car into a cheetah? Probably not, but with the carbon goodies added throughout and the 20-inch Kircherer RS-1 wheels, it will look mighty good doing whatever it does.

Scion’s been a perennial SEMA attendee for the last five years, with customization being a central tenet of the brand. This year, the cool-seeking Toyota nameplate is bringing a sextet of vehicles, three each of tCs and xBs, all customized. The xBs were sent out to customizers to get thematic treatments. The three art cars embody different ideas; one’s a camper in the vein of Westfalia Volkswagens, another’s been chopped and dropped to create a lakebed hot rod, while our favorite is an ersatz Roach Coach. Blaine Fontana was responsible for the camper conversion, while Jeff Soto whipped up the salt flats car, and Kenton Parker decided to celebrate the xB’s non-curvy shape with the foodservice conversion.

Bonneville speed trial cars serve as inspiration for one of the customized tCs, as well. Scion distributed three tCs to customizers for the 2008 Scion Tuner Challenge, with the winner to be announced during SEMA. Eddie Hahm of “Fast Eddies Garage” fame took it retro and created an homage to a time when hot rodding meant more than mounting dubs and a bodykit. Fatlace founder Mark Arcenal dreamt up a DTM racer, while John Pangilinan made an even more butch looking tC with his widebody design. These six cars are sure to be just some of the Scions at SEMA. Indeed, there will be several other custom Scion models at the brand’s booth, like an xD with its top chopped. We’d be down with some of these customs, even if underneath it all, they’re still Scions.

When you think about the Toyota Venza, we doubt the first thing that comes to mind is customization. But that hasn’t stopped Toyota from tapping Street Image, Inc. and long-time partner Five Axis to create a duo of Venza project cars for November’s SEMA Show in Las Vegas.

The two low-slung crossovers (don’t call them wagons) attempt to highlight and accentuate the active lifestyles of the Venza’s core demographic, beginning with the Street Image variant (above) that boasts an upgraded engine and brakes, massive rollers, a lowered ride height, body kit, a black/burgundy interior and a sat-nav-equipped entertainment system. Toyota says the Street Image SportLux version attempts “to give the occupants the feel of a refined sports car while retaining the Venza’s utility and functionality.” We say, good luck.

Five Axis makes a slightly more compelling case for customizing the Venza with a stow-away rack system created by Magna Car Top Systems that can transport everything from bicycles to skis. New front and rear bumpers, wider fenders and pot-hole averse 20×10.5-inch wheels round out the exterior mods on the Venza AS V.

We’ll be checking out both models in Vegas in a few weeks.

Every autumn the naval base on Coronado island in San Diego plays host to dozens of vintage car racers for a festival of speed as part of Fleet Week, the largest military appreciation event in the country. The runways are a natural asphalt playground, and the Southern California weather never fails to provide plenty of sunshine. Nine separate classes of cars run throughout the weekend, from Pre-1941 Sports and Racing cars all the way to 1966-1972 Historic Trans-Am cars. Our particular favorite were the 1955-1960 Sports Racing cars that included a stunning 1957 Ferrari 250 TR, a pair of Jaguar D-Types, Maserati T-61 Birdcage, and a beautiful Aston Martin DBR-2. Spectators could also take tours of the pit area, browse the Meguiar’s car club corral, take Naval ship tours, and explore a display of modern military vehicles and planes. We didn’t stray much from the track, however, so that we could bring you plenty of photos of all the different groups of cars.

We loved the look and concept of Katech’s Corvette Z06 ClubSport that we showed you last month, as did many of our readers. The emphasis on light weight components and track-ready components make it suitable for both street and racing duties, plus it’s one of the most beautiful renditions of the Corvette we’ve seen to date. Our only complaint was that Katech provided just one photo to drool over. Fortunately, they remedied the situation by sending us a set of beautiful high-resolution photos, which we’ve added to the gallery below. You can also view more info on the car in the press release after the jump in case you missed it the first time around.

The Firehawk name is well known by GM performance buffs, having graced some of the highest performing Firebird models from 1991 until 2002. Built by New Jersey based SLP (Street Legal Performance), the Firehawk models received various levels of performance upgrades and could hang with the best of American muscle during its day: the later models could run 0 to 60 mph in around five seconds and passing the 1/4 mile in the mid 13’s. While the Firebird wasn’t revived along with the Camaro, SLP has decided to use the G8 to revive the Firehawk name with three special edition cars based on the V6 and V8 models as well as a supercharged version. The cars will be sold through Pontiac dealers and will carry a full warranty. Sound great, right? Current Firebird Firehawk owners don’t think so. After hearing the news on LS1Tech.com, many of the members were outraged that the Firehawk name would be watered down on something besides a Firebird, in particular a four door sedan. In all fairness, SLP owns the Firehawk name and can use it how it wants, so we’ll reserve judgment until the car is actually unveiled and we can see how it performs. Thanks for the tip, Russ!

More news on the 2010 Chevy Camaro has been revealed after the Camaro SS made its live debut at Indy Bash 2008. According to this thread on the Camaro5.com forums, dealers will begin taking orders for Chevy’s new sportscar on October 13th, though pricing may still not be available at that time. Also revealed are a list of performance and appearance accessories that includes a rear spoiler, rear diffuser, ground effects package, many different kinds of stripes, different engines covers for both the V6 and V8 models and performance parts like a cold air intake, catback exhaust, shorty headers and Hurst short throw shifter. Interior accessories include the obligatory carbon trim kit, a body-colored lighted trim kit, floormats and a nostalgic looking subwoofer, while a selection of chrome and painted wheels will also be offered. Check the link below for more images that reveal exactly how fast and furious you can make the new Camaro look.

In these tight economic times, the project car budget typically gets left on the cutting room floor. Fortunately for addicted enthusiasts there are resources, such as Grassroots Motorsports Magazine, to prove that it is still possible to put together a prize winning ride for only a few bills. Just in time to save the wavering automotive habit of frugal individuals comes the Kumho Tires Grassroots Motorsports $2008 Challenge. For the past nine years, the magazine crew dedicated to amateur motorsports has organized an annual competition of cars built around a budget equal to the current year in dollars. It may sound impossibly restrictive, but some competitors even come in under the cap. The 2007 champion, a Chevrolet Corvette sucker-car, managed to top the field for less than two grand. The monetary limitation forces creative and innovative back-yard engineering amongst the entrants.

The $2008 Challenge will take place October 3 – 4 at Gainesville Raceway in Gainesville, FL. The cars will spend a grueling two days dueling it out on the autocross course, drag strip and even the parking lot for a car show. Competitors should also be brushed up on their accounting skills since they are required to keep an itemized list of all their expenses. This detail keeps the event fair and also offers the magazine’s readership inspiration to create their own budget racers.

Somebody’s got to beat back the ugly afflicting the four-door Porsche Panamera when it arrives. 9ff, the Dortmund, Germany-based firm, is actively recruiting orders for its tuned version of the highly anticipated curve-ball from Porsche. There are no details or pictures on the 9ff website, though there is a rendering showing a slightly abstract version of how a warmed up Zuffenhausen sedan may look. While we’re sure the car will be an awesome performer, 9ff will push the envelope even further. It’s a brilliant bit of marketing — basically selling shares in the tuner’s Panamera program before the car has arrived. If enough orders come in, the company will be flush with cash to develop the fastest, most hideously nasty looking car to ever wear the Porsche crest. Yes, even worse than the Cayenne and its nostril fetish.