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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Hot Octavia now with diesel power

By Phil McNamara Motor Industry 18 August 2006 09:01 A grunty, 170bhp diesel engine will join Skoda's high performance vRS range in September. The engine will be available in the Octavia hatch and estate, priced at £18,370 and £19,200 respectively. The 2.0-litre TDI kicks out 258lb ft, more twist action than a BMW 330i.

Cadillac teases Detroit 2013 concept at Pebble Beach

Cadillac teased a new concept car at the weekend at Pebble Beach to be unveiled in the steel at an unnamed American auto show early next year. We'll see you on the GM stand in Detroit then. During a press event Cadillac's Global Design Director Clay Dean said it was time for the brand to "reflect back not for nostalgia, but what made us great at the time." There were no further details about what we can expect from the concept but from what we can see from these renders is what appears to be a further move away from the geometry of the Art and Science form language towards a more sculptural surface treatment intersected by sharp, precise creases.