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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.
Lexus GS (2012) the first official pictures
Fri, 19 Aug 2011This is the new Lexus GS, which has just been revealed at the 2011 Pebble Beach Concours d’Elegance in California, USA. Presumably the new Lexus GS is clean and green? Well, yes, but much of the official Lexus press release is filled with phrases like ‘improved driving dynamics’ and ‘packed with innovative performance’, but no mention is made of fuel consumption or emission figures.
Ferrari will launch first hybrid in 2013
Wed, 25 Apr 2012Ferrari will offer its first gasoline-electric hybrid system in 2013. The technology will be featured in the as-yet-unnamed car that will replace the limited-edition Enzo. "We are entering the market with our Formula One-derived hybrid system, which will slash fuel consumption and increase performance," Ferrari CEO Amedeo Felisa told Automotive News Europe on the sidelines of the Beijing motor show.