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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Sergio Pininfarina exhibition to open in Maranello

The late Sergio Pininfarina will be honored in a three-month special exhibition at the Ferrari museum in Maranello, Italy, from 26 October. The ‘Grandi Ferrari di Sergio Pininfarina' – Sergio Pininfarina's great Ferraris – exhibition will feature his classic designs and current Pininfarina evolutions in three halls: Concept Cars, Motorsports and Grand Touring Cars. The Concept Hall will be filled with famous designs such as the Modulo, the P6 and the four-door Pinin concept.

Porsche Cayenne GTS (2012) first official pictures

For those who prefer to take their sporting SUV strictly turbo-free, Porsche has unveiled the racier GTS variant of its benchmark Cayenne. Weighing in at a hefty £67,147 before you've tackled the infamous Porsche options list, the Cayenne GTS lands in UK showrooms in July 2012. Porsche Cayenne GTS: what's special about it?