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Ralliart unit folds, but Mitsubishi keeps name

Mitsubishi will continue using the “Ralliart” brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp., informed global distributors on Wednesday that it would cease business operations March 31. In the United States and Europe, Mitsubishi markets a Ralliart sports version of its Lancer, which has become a sporty halo car for the brand.

Lotus owner Proton tries to quell sale rumours

The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake in Proton to DRB-Hicom.

Toyota Verso gets updated for 2014

Toyota Verso gets updated for 2014 We already knew the Toyota Verso MPV would be getting the option of a BMW diesel engine for 2014, but Toyota have a number of upgrades for the Verso to go along with the new engine. There’s a new trim level on offer – the Verso Trend – that slots in-between the Icon and Excel Versos – which gets a black C-Pillar decal to give the illusion of a floating roof, a bit like the Verso. Other additions for the Trend include a set of five-spoke alloys, front fogs and privacy glass with Toyota Touch 2 with Go adding in SatNav, connected services, Google Street View and TomTom Traffic info, front parking sensors and a rear view camera (part of the Touch 2 Package) to make parking easier.