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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Video: GM's Clay Dean on the future of urban mobility

Clay Dean is the star of a new Faces of GM video, Anticipating the Driving Experience of the Future. The global design director for GM's Advanced Design Group, whose job also entails exploring future transportation design solutions, talks about the need to avoid short-term thinking on urban mobility, as by 2030 60 percent of the world's population will live in cities. As new challenges start to emerge, such as increasing congestion, Dean believes it is time to start thinking about transportation in a completely different way.

Aston Martin Cygnet preview

Aston Martin has developed a new 'innovative commuter concept car' called the Cygnet. If you're thinking it looks like the design team's placed a downsized Aston Martin grille onto a Toyota iQ, you wouldn't be far off. The luxury commuter concept, which Aston Martin claims will 'offer customers a distinctive, intelligent and exclusive solution for urban travel in style and luxury' is actually based on the diminutive urban runabout and was created in collaboration with the Japanese automaker.