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Lotus announces 100 new jobs

Lotus Lotus is on a recruitment drive - prompting confidence that the iconic British sportscar firm’s future looks brighter than it has for years. The company has suffered a rollercoaster ride since relaunching in 2010 with a bold promise to build five new sportscars and a supermini. But the architect of that plan, CEO Dany Bahar, was fired by the company's Malaysian owners and the expansion has since been wound down.

Shortages of Japan-built cars open the door for U.S. automakers

U.S. carmakers sense that they have a chance to win back customers this summer with the launch of several redesigned models, while their Japanese competitors struggle with supply shortages. About 197,000 car buyers who typically would favor a Japanese brand are in play this summer, according to market research firm A.T.

Porsche 911 Turbo S China 10th Anniversary Edition revealed

Porsche 911 Turbo S China 10th Anniversary Edition - celebrating a decade of Porsche in China It must have seemed a slightly optimistic decision when Porsche decided to make its mark in China in 2001 by opening a Porsche Center in Beijing, But it turned out to be a stroke of genius. China is now the second most important market for Porsche with the Stuttgart car maker now shifting almost 14,000 cars a year, a big change from the handful it managed in 2002. Big markets deserve special editions, and with plenty of wealthy individuals in China keen to have something no one else has, the Porsche 911 Turbo S China 10th Anniversary Edition – a moniker which fortunately isn’t written on the boot – will sell out straight away.