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Lotus has a PR meltdown on Facebook

Lotus Facebook PR Lotus has responded to the rumours flying around about their possible demise by posting a PR statement on Facebook. Badly. Earlier today we addressed the rumours flying around about Lotus – which range from administration to takeover via the disappearance of CEO Dany Bahar.

Fiat and Chrysler get in to bed together

Before Christmas the CEO of Fiat was reported as saying that he believed that the current malaise in the car market (and any other market, for that matter) would result in the rationalisation of the industry, and see just a handful of big players come out the other side. His words now seem prescient, as it has been announced today that Fiat and Chrysler have effectively entered in to a partnership. Fiat takes a 35% stake in Chrysler The partnership, with Fiat taking 35% of Chrysler, means a number of benefits for both companies.

Auctioneer Celebrates 50 Years of Ford's Mustang With Sale of Rare Coupe

AS Ford’s iconic Mustang celebrates its 50th anniversary, a1964 Mustang 1/2 Coupe, produced as part of the earliest production run of the iconic car, is ready to go under the hammer at Silverstone Auctions’ May Sale on May 24th. Regarded as the purest of all Mustangs, this rare car, estimated between £14,000 to £18,000, was built at Ford's Dearborn Michigan plant on 26th June 1964. Crucially it still has its original 260CI V8 Engine and Cruise-O-Matic transmission.