Durheimer succeeds Paefgen at Bentley, Bugatti

Porsche R&D chief Wolfgang Durheimer has been named the new head of Bentley and Bugatti to replace Franz-Josef Paefgen, who is retiring. Durheimer, 52, also becomes head of motorsports for the Volkswagen Group, beginning in February. Paefgen, 64, has lead Bentley since 2002 and Bugatti since 2007.

GM sells Suzuki shares to raise emergency funds

By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.

Racy Lotus Evora GT2 spied

Lotus is truly getting racy. At the Geneva motor show in March it rolled out the Evora Enduro concept, and these spy photos show that a racing Lotus Evora is more than just a concept. This Evora GT2 prototype was caught running some hard laps.