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Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs

The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.

New Nissan 'Golf rival' teaser shot revealed

AFTER a long absence from the compact family hatchback market, Nissan has released a teaser shot of the car that it hopes will 'putt' the Volkswagen Golf in its place. The new car will be called the Pulsar, and comes eight years after the final UK-bound Almera hatchback was sold. Nissan will be hoping that the dour reputation of that car will be left long behind, and on the basis of its latest models like the new Qashqai, things are looking good.

Barrett-Jackson followed auction practices, probe finds

Independent auditors found that Barrett-Jackson Auction Co. complied with proper auction practices during the 2008-2009 season, the company said on Thursday. The Arizona-based auction house opened its books in the wake of a 2007 legal action, which alleged improper activities.