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Lotus V8: the new engine plan in full

Lotus has confirmed details for its new inhouse V8 engine family, which will make its first road car appearance in the 2013 Esprit. Responding to feedback which said the 'New Era' plan to launch five new models was weakened by its reliance on Toyota engines, the new management team decided last Christmas to design and develop its own engine. 'The feedback from customers was "how can you justify a £100,000 car with a Toyota engine?",' said chief executive Dany Bahar.

Lexus IS Design contest winner to be built for SEMA 2013

Somewhere in the shortlist of 25 semi-finalists from the Lexus IS Design contest lurks the design that will be built by tuner VIP Auto Salon and take pride of place on Lexus' stand at SEMA later this year. Hosted by online art community deviantART, the competition asked entrants to customize a Lexus IS saloon using any method they liked. The winner will also be given a one-year lease of the IS and other prizes.

Tesla Model S starts at $57,400, tops out at $92,400 when sales start in 2012

Tesla Motors Inc., the U.S. electric-car maker that plans to build a rechargeable sedan in California, said a top-of-the-line version of the Model S will cost as much as $92,400 when it goes on sale in 2012. Tesla released detailed prices, features and options for the Model S sedan Dec.