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Lotus Elise Club Racer (2011) at 2011 Geneva motor show

The Lotus Elise Club Racer is the latest variation on the long-serving Elise, which will debut at the 2011 Geneva motor show. Disciples of the 'Lotus=lightweight' mantra will be pleased to know the Elise Club Racer does without the German tuner bling, additional luxury features or merchandising that have appeared during CEO Dany Bahar's bold reinvention of the Hethel sports car maker. The Elise Club Racer marks a return to old-school values for Lotus, with some 24kg of extraneous weight removed from the 15-year-old Elise; and added hardware tweaks to ensure the well-regarded roadster retains its performance edge.

Tata is leading JLR bidder

By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR.   JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.