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Lotus, Toyota celebrate engine deal

Lotus CEO Dany Bahar presented Toyota president Akio Toyoda with a Lotus Elise this week at the British Embassy in Tokyo, celebrating the companies' long partnership. The Elise was equipped with Toyota's last 2ZZ-GE VVTL-i engine, the same engine found in older versions of the Lotus Elise and Exige. “The presentation of Toyota's last 2ZZ engine in the Elise is a symbolic gesture of our continued respect and deep appreciation for our partner not only acknowledging our past, but also looking forward to our future together,” Bahar said in a statement.

2011 Ford Mustang prices to start below those of the Chevrolet Camaro

The 2011 Ford Mustang with a new V-6 engine will be priced under the rival Chevrolet Camaro when it arrives at dealerships next month. Ford Motor Co. says the 3.7-liter V-6 version will start at $22,995, including shipping.

Dinner with Bob Lutz: Looking back at nearly 50 years in the car business

Bob Lutz is retiring--again. He has tried this twice before: at Chrysler in 1998 and with his abortive exit from General Motors last year. But this time, at age 78, it may stick, even for the car guy who has operated at the industry's highest levels since the early 1970s.