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Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.

Peter Schreyer to receive 2014 EyesOnDesign Lifetime Design Achievement Award

Peter Schreyer has been chosen by a panel of his fellow designers to receive the 2014 EyesOnDesign Lifetime Design Achievement Award. Schreyer, Kia and Hyundai's chief design officer and one of three presidents, directs the design strategy for the both Kia and Hyundai. He's the first non-Korean to hold the position of president and is one of the highest-ranking designers in the industry's history.

Alfa Romeo will reportedly become standalone company

Fiat Chrysler Automobiles CEO Sergio Marchionne plans to turn Alfa Romeo into a standalone company, Automotive News Europe reports. Marchionne is expected to announce wide-ranging plans for the brand on May 6 which will see Alfa Romeo become a stand-alone legal entity within Fiat-Chrysler, with a publicly disclosed profit and loss statement. Alfa Romeo is currently part of Fiat Group Automobiles S.p.A., which also contains Lancia, Fiat Professional trucks and vans and the Abarth performance brand.