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Lotus Elite concept car (2010) first official photos

Forget everything you know about Lotus. Forget the Elise, the Exige, the Evora. This is the Elite, a Ferrari California rival and a signpost to an all-new Lotus as envisaged by ex-Ferrari man Danny Bahar, CEO of Lotus since October 1st.

Kimi may quit again

KIMI RAIKKONEN has revealed he will likely quit Formula One again once his current deal with Ferrari expires at the end of 2015. Raikkonen dropped the bombshell at Silverstone ahead of the British Grand Prix this weekend, and just eight races into his second coming at Ferrari which has so far been a bitter disappointment. Struggling with a car not to his liking, the hotly-anticipated scrap with team-mate Fernando Alonso has failed to materialise as the Spaniard has comfortably out-qualified and out-raced the Finn.

Motor industry backs EU membership

MOTOR MANUFACTURERS have given strong backing for the UK staying in the European Union, citing benefits including business links and free movement of labour. A survey by the Society of Motor Manufacturers and Traders (SMMT) showed that 92% of automotive firms believed that staying in the EU would be best for their business, although most wanted to see reforms. The SMMT said its study showed how EU membership benefited the industry, such as access to a single market and funding for research and development.