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Lotus Evora S and IPS (2010) first news

Lotus has given us the first details of the new more powerful 345bhp Evora S ahead of its debut at the 2010 Paris motor show. It was only last week when we spied the range-topping Evora being put through its paces at the 'Ring, and this news confirms our earlier scoop story. We predicted that the Evora S would push out more than 350bhp, and...

CAP call on Renault to include battery in Zoe price – when it would cost £25k

CAP has called on Renault to include the battery cost in the list price of the Renault Zoe EV, otherwise it won’t be able to set residual values. We reported recently on the price of the Renault Zoe EV – which starts at £18k – and were surprised to find that Renault weren’t including battery costs in the purchase price but charging and extra £70-93 a month for leasing them. That leads to a completely misleading headline price for the Zoe and, as used car price experts CAP say, is akin to Ford removing the engine costs from their cars to reduce list price.

Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.