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Lotus NOT for sale as Proton sold to DRB-Hicom

Lotus NOT for sale - at least not for two years Despite rumours that Lotus was for sale, the sale of Lotus parent Proton to DRB-Hicom appears to preclude any sale of Lotus for two years. We reported recently that Lotus owners Proton had been advised to sell its loss-making Hethel car-maker Lotus as it geared up to be divested of State ownership in Malaysia. But it seems the sale of Proton in to private hands is to have the opposite effect.

Honda plans plant for CVT builds

Honda Motor Co. plans to build a $470 million factory in Celaya, Mexico, to assemble continuously variable transmissions. The factory will operate alongside a plant under construction that's scheduled to build the next-generation Fit hatchback and a Fit-based crossover.

BMW M Performance Automobiles Geneva 2012 launch

BMW X6 M50d - likely to one of the first BMW M Performance Division cars BMW has announced that they are to create a new division of cars -  BMW M Performance Automobiles – to sit below BMW M. This week is the Detroit Auto Show, but car makers are already releasing details of their offerings for the next car show at Geneva in March. Today, BMW has joined that list by announcing they will launch the  BMW M Performance Automobiles division at the Spring show.