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Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.

Corvette deemed too much car for some Manchester United players

Apparently, Sir Alex Ferguson, the team's manager, believes that Chevy's most potent offering is a bit more than some of his young players will be able to handle. According to the Daily Mail, Chevrolet has offered the soccer team's top stars their pick of Chevrolet models, but the infamously strict Ferguson has issued an edict that no player under age 23 will be allowed to order a Corvette. Reports that effected players reacted to the news by flopping to the ground and tearfully writhing around could not be confirmed as of this writing.

Jaguar readying SUV for Frankfurt motor show

While the next new Jaguar model slated for dealerships is a BMW 3-series fighter rumored to be called the XS, Autoweek sources have confirmed the company will also be showing an SUV at the Frankfurt motor show in September. Likely to be named XQ or Q-type, the Jaguar SUV is expected to ride on a version of the XS platform (itself a variation on the aluminum XJ architecture) rather than share a platform with a Land Rover product. Slated for 2016 production, the new Jaguar XQ SUV will share some powertrain technology with Land Rover, specifically the Ford I-4 engines from the Evoque.