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Lotus CEO fired - Dany Bahar won't return to Lotus
Thu, 07 Jun 2012Lotus chief executive officer Dany Bahar was tonight ousted from his job as the boss of Group Lotus. The Nofolk sports car maker's new Malaysian owners, DRB-Hicom, issued a terse statement confirming Bahar's departure. As CAR earlier reported, Bahar had been suspended following an investigation into his expenses.
Lexus LFA Nurburgring Edition Laps the ‘Ring in 7:14.64 +video
Wed, 07 Sep 2011Lexus LFA Nurburgring sets a Lap Record at the Nordschleife The news that the Lexus LFA Nurburgring has lapped the track after which it is named in a remarkable 7:14.64 will bring a smile to the face of Hiromu Naruse, wherever he may be. Hiromu Naruse was considers by most whose opinion matters to be the ‘Godfather’ of the Japanese performance car’, and devoted most of the last decade of his life to honing and developing the LFA. He lost his life in an LFA Nurburgring Edition in the Summer of 2010 whilst testing the car near the Nurburgring itself, and it’s nice to think that if he’d still been with us, despite his age, it could well have been Naruse-san at the wheel.
Avis buys Zipcar and grows car-sharing capabilities internationally
Wed, 02 Jan 2013Zipcar, a car-sharing company that specializes in renting cars by the hour or day, announced Wednesday it will be acquired by Avis Budget for $491 million, or $12.25 a share. The action will help Avis compete against Hertz Global Holdings, which became the world's second largest car-rental company in 2012 following its purchase of Dollar Thrifty car-rental company for $2.6 billion, according to a Bloomberg report. “By combining with Zipcar, we will significantly increase our growth potential -- both in the U.S.