650 Yamaha Engine 61x Superjet Waverunner Waveblaster on 2040-parts.com

Lotus Group CEO Dany Bahar suspended, facing investigation

Lotus Group chief executive officer Dany Bahar has been suspended and is facing an investigation following an undisclosed conduct complaint. While there is no official word on the nature of the complaint against Bahar, the The Daily Telegraph reports that it might be related to expenses claimed by Bahar or a legal dispute surrounding renovations on one of two Norwich, England, rental homes paid for by Lotus. Bahar's suspension has heightened the uncertainty surrounding the future of the Lotus Group.

Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.

Alfa Romeo to launch 8 new cars in next 4 years – Alfa MiTo to be dropped

The Alfa Romeo Gloria (pictured) could point to a new Giulia Alfa Romeo has been stuck in the doldrums for quite a while, and is now in the sorry state of having just two cars on sale – the Alfa MiTo and Alfa Giulietta – both compact cars and both with front wheel drive. Not really Alfas, although they’re better than you might expect. But in a brave plan to turn Alfa Romeo in to a proper force again – a plan we reported was on the cards a year ago – Sergio Marchionne has revealed that Alfa is planning to launch eight new cars in the next four years and concentrate on proper RWD cars with proper driver appeal.