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Lotus owner Proton tries to quell sale rumours

The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake in Proton to DRB-Hicom.

Savage Rivale develops telescopic roof system [w/video]

Savage Rivale has revealed its design for a retractable telescopic multi-panel roof system (RTMP) that will feature on its 2012 Road Yacht GTS supercar. The system features 4 panels with glass centers and carbon fiber frames that retract into the rear deck by a centrally-mounted telescopic arm. Its locking mechanism is placed within the C-pillars and is controlled via one central module.

Toyota sets Nurburgring record... for fuel economy

WHATEVER else you might say about Toyota, it seems the brand has a sense of humour. Driving enthusiasts will hand their (petrol)heads in shame after Toyota completed the 12.9-mile German track at an average of 698mpg. The embarrassingly pedestrian time of 20 minutes and 59 seconds was set by motor journalist and Japanese car expert Joe Clifford, and since Toyota is the first to shame itself with a fuel economy run at the heart of performance car testing, it automatically sets a new efficiency record.