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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Concept Car of the Week: Mazda RX500 (1970)

Developed by the Toyo Kogyo Company's advanced design and engineering team, the Mazda RX-500 was described as a ‘mobile test bed for high-speed safety'. Looking at its design, the team's childlike enthusiasm has shone through, resulting in a very cool concept.  From the rakish front to the wraparound windscreen and on to the bread van rear, everything communicates high-tech and ‘70's futurism while also channeling a little of the Star Wars X-Wing. Thanks to plastic body panels, the concept weighs only 850kg and is powered by a 491cc rotary engine delivering 247bhp fitted behind the cabin, in front of the rear axle.

One Lap of the Web: Rags to riches, Beetles to Porsches

-- Joseph MacDonald parked his 1965 Beetle in front of a restaurant 41 years ago, and that was the last time he saw it. He might yet see it again today, as his stolen car -- now painted white, and with even more rust -- will reunite with him, through the providence of border patrol officers actually performing some due diligence. Jason Torchinsky -- who knows a thing or two about stolen Beetles -- notes that he was lucky enough not to have waited 40 years for his car to come back.