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Lotus chief exec Dany Bahar suspended: what's next?

Group Lotus chief Dany Bahar has been suspended while complaints about his conduct are carried out by parent company DRB Hicom. Weekend newspapers reported that the dispute was over expenses for building work carried out on one of Bahar's homes. Bahar was suspended on Friday and the new owners stressed that Lotus Cars continued to run in his absence.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

Cadillac CTS-V Estate / Wagon official

The Cadillac CTS-V Wagon / Estate will debut at the New York Motor Show After Bob Lutz’ comments that the Cadillac CTS-V will come in any flavour you want, we’ve known that not only will there be a CTS-V Coupe – which was officially revealed in January at Detroit – but that there would be a Cadillac CTS-V Wagon as well. The arrival of the CTS-V Estate became certain when we got hold of spy photos of the CTS-V Estate and now Cadillac has issued official pictures of the load-lugging, barn-storming Wagon ahead of its official reveal at the New York Motor Show this week. Cadillac aren’t calling the New York Show Car a Concept, but nor do they consider it a production version.