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Detroit Electric SP:01 – it’s a Lotus Exige EV

Detroit Electric has revealed the SP:01, a Lotus Exige based electric sports car promising 0-62mph in 3.7 seconds and a range of 190 miles. 999 are being built. Detroit Electric is a re-birth of a once well-known electric vehicle maker in the US (that’s well-known pre-WWII) that’s been revived by former Group head of Lotus Engineering, Albert Lam, set up shop in Michigan with the intention of emulating Tesla’s route to EV credibility by building its own Lotus EV.

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.

Year-end discounts on 2012 models

Dealerships are working to get rid of the remaining 2012 models as the year comes to an end, so there are plenty of incentives on 2012 cars, pickups and SUVs. Here are our picks for the best deals: Chrysler 300 Chrysler is offering up to $5,500 cash back to buyers of select 2012 Chrysler 300 models. The most steeply discounted models include both the rear-wheel and all-wheel-drive versions of the 300C, 300C Luxury Series and 300S V8, as well as the 300S Mopar 12 rear-wheel-drive model.