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Dany Bahar’s restored V8 Lotus Esprit for sale

With Dany Bahar now ousted as Lotus boss, his fully restored 2002 V8 Lotus Esprit is up for sale. When Dany Bahar joined Lotus from Ferrari, he brought with him some grandiose plans – and an ability to spend money – that were ultimately his undoing. And it appears Bahar was a bit too grand to run around in any of Lotus’s current models as ambassador for the brand, instead deciding the way to go was a fully restored version of the last Lotus supercar – the Lotus Esprit.

Fiat 500L launches

The Fiat 500L – a larger Fiat 500 based on the Punto – has launched in Italy ahead of going on sale in the UK in early 2013. We had the official arrival of the Fiat 500L at the Geneva Motor Show in March, and now we get the 500L’s official launch in Turin – together with lots of new photos and a video – before the 500L goes on sale around the world. The 500L is actually based on the underpinnings of the Punto to create a 500 MPV and, sensibly, Fiat has done with the 500L  what MINI did with the Countryman and slapped an iconic badge on even though the 500L bears scant resemblance to its cute little sibling.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).