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Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.

Pontiac SD-290

According to GM, the Pontiac SD-290 concept is "Designed to evoke the emotions of classic sports cars". Introduced at SEMA, the vehicle is derived from a Pontiac Solstice but has been transformed into a pure single-seat race car with its passenger compartment made obsolete by a hard tonneau cover. Despite its competition red paint scheme, it is difficult not to relate the SD-290 to the timeless shape of a D-Type Jaguar. We can also see the influence of BMW's 2004 H2R land speed record breaking concept in the SD-290's asymmetrical layout, with its racing cockpit protected only by a small windscreen in front of the driver and a faired headrest and roll-bar behind the seat.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.