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Team Lotus buys Caterham Cars

Caterham Cars has been sold to Team Lotus Enterprise, the holding company for the Team Lotus Formula One team.  So Lotus has bought back the Caterham Seven? No. Team Lotus, the UK-based F1 team owned by Malaysian businessmen Tony Fernandes, Kamarudin Meranun and SM Nasarudin has done the deal. You're thinking of Group Lotus, the makers of Lotus sports cars led by Dany Bahar – Group Lotus sponsors of Lotus Renault GP, the UK-based F1 team that was formerly Renault.

Hyundai global design teams develop 'My Baby' internal project contest ideas

Hyundai has revealed the designs submitted for its 'My Baby' global internal design project. The project – a biennial contest that started in 2008 – asked the carmaker's design teams to use ‘new thinking' to preview a future without technological or manufacturing limits. Hyundai designers from bases in Korea, the USA, China, Japan, Europe and India were also tasked with reinterpreting and developing the carmaker's ‘Fluidic Sculpture' design language.

Lada 'ready to sell in Western Europe by 2013'

Lada is set to relaunch in western Europe - including the UK - by 2012-2013 to counter the threat of Chinese car makers, senior sources admitted last night. Renault's global marketing senior vice president, Stephen Norman, told CAR that Renault-Nissan's stake in Russian firm AvtoVaz would help bring about the return of Lada to Britain. 'The UK is one of the few markets where Lada was a success,' said Norman.