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Glass’s Guide Luxury Cars price crash

I think we all knew it was happening, but Glass’s guide, the trade bible for used car values, has confirmed that luxury cars in the UK have fallen out of bed in a big way. Comparing luxury diesel saloons with a year ago, they say that average values have dropped by a massive 21%. And in pure money terms the top end coupes, such as the Porsche 911, have fallen by 18%.

Race2Recovery gets set for second Dakar Rally

Race2Recovery, a rally-raid team filled mostly with disabled veterans, is headed to its second Dakar Rally in two years. The team took its two Defender-based Wildcat rally trucks, one T4 competition truck, one T5 support truck and two Land Rover Discovery (LR4 in the U.S.) support vehicles to the Le Havre port in France for scrutineering. Then they joined 650 other competitors in loading the ships bound for South America.

Lotus to create 100 new jobs (2013)

Lotus is bouncing back from the five-car plan debacle that saw its CEO Dany Bahar dismissed for professional misconduct, and an ambitious plot to launch a Porsche-slaying five-car range go up in smoke without so much a test mule spy shot. The Norfolk-based outfit has announced today the creation of 103 new jobs to meet rising demand not just for its cars, but the brand’s legendary car set-up skills too. It follows a £100m investment from parent DRB-HICOM earlier in 2013.