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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.

Saab gets approval for voluntary reorganization on appeal

...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.

A beautiful F1 book when you subscribe to CAR

Art of the Formula 1 Race Car, worth £30 – free when you subscribe to CAR Magazine By Ben Barry Motoring Issues 17 August 2010 16:51 If you subscribe to CAR Magazine this month, we've got a special treat in store for you: a wonderful hardback book charting the art of the greatest Formula 1 racers over the decades. It's a glossy book with sky-high production values worth £30 – yet it's your free when you take out a year's subscription to CAR Magazine. Click here to see more details on this great offer, which is available to all UK-based subscribers.