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Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.

Aston exec leaves for Chrysler

Beth Paretta, one of Autoweek's 10 Secret People in 2009 (Autoweek, Sept. 21, 2009) has left her position as operations manager at Aston Martin to join Chrysler Group LLC as marketing manager for SRT and motorsports. Her appointment is effective this month.

2011 Cadillac CTS coupe is revealed, and a V-Series model is confirmed

Two-door Cadillacs have always had a special place in the hearts of enthusiasts of means, reinforcing the brand as a purveyor of personal luxury and performance. Now comes the latest in the lineage: the 2011 CTS coupe, which will be joined by a high-powered V-Series model. The first official photos of the car in production trim were released on Monday ahead of its showing at the Los Angeles auto show, and the car is the centerpiece for Cadillac's remade product line.