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Team Lotus buys Caterham Cars

Caterham Cars has been sold to Team Lotus Enterprise, the holding company for the Team Lotus Formula One team.  So Lotus has bought back the Caterham Seven? No. Team Lotus, the UK-based F1 team owned by Malaysian businessmen Tony Fernandes, Kamarudin Meranun and SM Nasarudin has done the deal. You're thinking of Group Lotus, the makers of Lotus sports cars led by Dany Bahar – Group Lotus sponsors of Lotus Renault GP, the UK-based F1 team that was formerly Renault.

Toyota Corolla Furia concept [w/Gallery]

Toyota has revealed its Corolla Furia Concept at the 2013 North American International Auto Show (NAIAS) in Detroit. The carmaker's compact sedan concept - which measures in at 4,620mm long, 1,805mm wide and 1,425mm high sitting on a wheelbase of 2,700mm - previews design cues expected to feature on the next-generation Corolla. Designed around a theme of ‘Iconic Dynamism', it uses simple surfaces to create a more recognizable appearance that will appeal to a younger generation.

Peugeot 308 R concept (2013) at Frankfurt motor show

The Peugeot 308 R could be the biggest hint yet that Peugeot is getting its mojo back. Carrying the RCZ concept’s styling into production was a good start, and the new 208 GTi is a pleasantly surprising hoot, but for bigger smiles you’ll want this: a 270bhp, carbonfibre-clad hot hatch that’ll give an Audi S3 a fright, and leave a Golf GTI in its tyre tracks. The catch?