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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.

General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

Hamilton clairifies Vettel comments

LEWIS HAMILTON has been forced to clarify comments after suggesting Sebastian Vettel was boring Formula One fans. Hamilton voiced his frustration in the wake of Sunday's Korean Grand Prix as Vettel won his fourth successive race to stretch his championship lead over Fernando Alonso to 77 points. With Vettel now on the brink of his fourth consecutive world title ahead of this weekend's race in Japan, Hamilton likened the 26-year-old's domination to that of Michael Schumacher a decade ago.