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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.

General Motors reportedly close to selling Hummer for $150 million

General Motors Co., working to cut its U.S. brand count in half as part of its restructuring, is trying to complete a deal to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. for about $150 million, Bloomberg News reported Thursday.

Citroen DS5 (2011) first official pictures

This is the Citroen DS5, the third addition to Citroen’s 21st century DS-badged range. Set to be unveiled at the 2011 Shanghai motor show tomorrow, this crossover is the Citroen DS5 White Pearl, a tag that designates that a few of the exterior and interior detailings are just for show. However, what you see before you is essentially the same DS5 that will go on sale in the UK at the end of 2011. So what exactly is the new Citroen DS5?