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Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs
Mon, 31 Oct 2011The 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.
Jaguar E-Type celebrates 50 years
Mon, 28 Feb 2011As the Geneva motor show opens its doors to the press, it is quite apt that the Jaguar E-Type be honored by a new exhibition at the Design Museum in London, UK. Commemorating the iconic vehicle's 50th anniversary since it was first unveiled at the Swiss motoring exposition, the 'Tank' installation at the Design Museum has played host to many cars in the past, from the Model T Ford through to the Citroen C6, but none seem quite as fitting as the E-Type Jaguar. Possibly the most infamous car to come from Coventry, the E-Type is revered as a design classic and is still admired in droves to this day.
Suzuki seeks end to partnership with Volkswagen
Mon, 12 Sep 2011Suzuki Motor Corp. Chairman Osamu Suzuki on Monday said he plans to end his carmaker's turbulent two-year capital alliance with Volkswagen AG, citing concerns about independence and a dearth of technological exchanges and joint projects from the tie up. The spry, 81-year-old Suzuki executive compared the breakup to a divorce and said the two companies should "say goodbye with a smile" instead of trading bitter accusations.