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Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.

Corvette ZR1 (2008): first official pictures

By Ben Oliver First Official Pictures 13 January 2008 21:56 General Motors has unveiled its fastest, most powerful production model ever. Official figures have yet to be released but insiders say the Corvette ZR1 is likely to top 200mph and crack 60mph in a little over 3 seconds. Its new supercharged, 6.2-litre LS9 V8 makes 620bhp and 595lb ft of torque, which GM claims gives the ZR1 a better power-to-weight ratio than the Ferrari 599, Porsche 911 GT2 and Lamborghini Murcielago LP640.

Nissan LEAF £2500 UK price drop

Nissan has revealed that the LEAF EV will be reduced in price by £2500 with immediate effect and ahead of the launch of the uprated 2013 LEAF. The world hasn’t exactly fallen in love with electric cars, which has as much to do with the fact that an electric car, with its limited range, is never going to be a replacement for a normal ICE car. But compounding the impracticality of the EV as a replacement for the ICE car is the very high prices car makers are charging for electric cars, the sort of prices that mean buyers will probably find the ‘Cheap to Fuel’ EV a more costly option than fuelling a much cheaper comparable iICE car with petrol or diesel.