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First Sight: Smart Fortwo and Forfour

"Dress-down Wednesday," remarked a colleague as Daimler CEO Dieter Zetsche walked on stage wearing jeans and no tie. While it was a hot day in Berlin, Zetsche's excuse for his informal attire was the occasion – the new Smart is here. Its prospective owners, he explained – young, urban consumers with an active lifestyle, not the typical members of corporate Germany – adhere to a different, if similarly rigid etiquette.

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.

Volvo confirms big production increase for V60 Plug-in Hybrid

Volvo has been building around 150 V60 Plug-ins a week at its facility in Torslanda – alongside the regular V60, V70, S80 and XC90 – but that is now set to be upped to 282 cars a week for the rest of 2013, with plans to build at least 10,000 in 2014. The fact is that the V60 is a very appealing estate car already, and bolting a plug-in hybrid setup has turned it in to a big hit in showrooms because the barking mad official economy and emissions system bestows the V60 plug-in with emissions of just 48g/km, making it a real no-brainer in countries where governments blindly tax cars based on their official emissions. That means countries like Holland, where Volvo has received more than 3,000 orders for the V60 Plug-in, and the UK are lapping up the hybrid offering from Volvo as a way to escape big taxes and still have a swift (0-62mph in 6.1 seconds), appealing and stylish car.