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.

First look at the redesigned BMW 3-series wagon

BMW has revealed the wagon version of the fifth-generation 3-series. The company says that the new 3-series Sports Wagon, known as the 3-series Touring in Europe, will reach U.S. showrooms about a year from now.

Škoda 2013 Octavia

The 2013 Škoda Octavia has been unveiled ahead of its world debut at the Geneva motor show in March. Škoda design chief Jozef Kabaň and his team completely redesigned the outgoing second-generation model and it has grown in length and width by 90 mm and 45 mm respectively. The wheelbase has also grown by 108mm, making more room for the occupants inside.