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Lotus gets a new boss – former Citroen Peugeot President Jean-Marc Gales

Jean-Marc Gales left) new Lotus CEO with Aslam Farikullah Following the debacle of Dany Bahar’s grandiose plans to turn Lotus in to a cross between Aston Martin and Ferrari, owners DRB-HICOM/Proton have been busy trying to get ship Lotus back on an even keel. That started with the appointment of engineer Aslam Farikullah as chief operating officer at Lotus when Bahar got his marching orders, and he’s been busy for the last two years bolting Lotus back together, cutting costs, improving quality and increasing sales. Now, it looks like Lotus are readying themselves for the next stage of their recovery – which will include new models – as former PSA president Jean-Marc Gales is appointed as Lotus CEO to work with Aslam Farikullah.

Gurney cars lead record list of entries at Rolex Monterey Motorsports Reunion

The acceptance letters went out this week for the Rolex Monterey Motorsports Reunion, the vintage racing weekend formerly known as the Monterey Historics, and it looks as if you'll get your money's worth out of this year's event. While previous years usually featured about 400 or so cars, the 2010 running of the renamed Rolex Monterey Motorsports Reunion, managed now by SCRAMP, will feature 520 vintage entries. Leading the pack is what promises to be a once-in-a-lifetime collection of 35 cars either designed, built or raced by the great Dan Gurney, this year's honoree.

First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.