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Lotus won’t be at 2012 Paris Motor Show

Two years after Dany Bahar revealed Lotus plans to build a new range of Lotus supercars at the 2010 Paris Motor Show, Lotus will be a no-show at Paris 2012. Two years ago we were stunned by the grandiose plans for a range of Lotus supercars revealed by new CEO Dany Bahar at the Paris Motor Show. What a difference 24 months makes.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

VW Group planning 10-speed DSG, new powerful diesel engine & more plug-in hybrids

The end of the internal combustion engine is nigh, they say, as the world tries to clean up its environmental act and works towards a goal of electric motors to power our personal transport. But car makers are fighting that belief by extracting more power for less fuel from ICE engines, and there’s still a very long way to go before the ICE engine is consigned to the history books. Volkswagen has already reduced the fuel consumption of both their diesel and petrol engines by 30 per cent since 2000 and plan a further reduction of 15 per cent by 2020.