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Lotus CEO Dany Bahar on the crisis at Lotus Cars
Tue, 17 Apr 2012Lotus chief executive Dany Bahar has laid bare the business position at Lotus Cars since the takeover of parent company Proton by Malaysia's DRB-Hicom. Norfolk's sports car maker has been buffeted by rumours of financial crisis and looming collapse since development was frozen by the new owners (click here for our coverage of the crisis at Lotus. CAR scored an interview with Bahar at the Hethel headquarters yesterday afternoon. He was abroad at the time of last week's media maelstrom, when rumours and slurs flew around about the state of Lotus's finances.
European car sales down 9.6% Jan 2013. VW Golf sales down 17.8%
Mon, 18 Feb 2013Car sales in Europe continue to decline with sales down 9.6% in January 2013 and the top-selling VW Golf down by 17.8%. In fact, the UK was the only top five market to increase sales, with Germany down 8.6 per cent, France down 15.1 per cent, Italy down 17.6 per cent and Spain 9.2 per cent. Other notable drops included the Netherlands which saw a huge drop of 30.4 per cent, partly driven by tighter emission boundaries on company car taxation.
One lap of the Web: Ponycar birthdays, forgotten Hungarian racetracks and an Acura NSX
Fri, 18 Apr 2014Chevy took some time this week to say happy birthday to its archrival, the Ford Mustang. The bowtie brand said that "healthy competition" between the Camaro and Mustang has been a "driving force for constant improvement." Check it out over at World Car Fans. Petrolicious has a handful of photos from a nearly forgotten track in Budapest, Hungary.