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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.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Aston Martin One-77 (2009) unveiled at Geneva motor show

By Ben Pulman First Official Pictures 03 March 2009 13:04 Aston Martin officially unveiled the One-77 at the Geneva motor show today, displaying a full-size model of the car and an exposed carbonfibre chassis, designed to showcase the engineering expertise inside the 1.1 million pound monster. Right. The chassis might be carbonfibre, but the aluminium panels are hand rolled.