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Shelby raffles off last 50th-anniversary Cobra

Shelby is celebrating its 50th anniversary in style, first at the Detroit auto show with a few black-and-gold Shelby Mustangs, and now at the Barrett-Jackson auction in Arizona with the last example of the 50th-anniversary Shelby Cobra. The car won't be sold to the highest bidder though; it will be raffled. Tickets cost $25 apiece or five for $100.

Ford Mondeo goes green

By Ben Barry First Official Pictures 03 June 2007 01:57 New Mondeo spearheads Ford's ramp-up of bio-fuel models Ford announced an expansion in its flexifuel range. Flexifuel allows a vehicle to run on either regular petrol or E85 – an 85/15 percent bio-ethanol/petrol blend – and automatically offsets any carbon emissions produced because more crops are always produced to meet the demand for fuel. Ford president and CEO John Fleming confirmed that the existing Focus and C-Max flexifuel cars would be joined by Mondeo, Galaxy and S-Max derivatives, which will all come on stream from early 2008.

Lotus CEO Dany Bahar on the crisis at Lotus Cars

Lotus chief executive Dany Bahar has laid bare the business position at Lotus Cars since the takeover of parent company Proton by Malaysia's DRB-Hicom. Norfolk's sports car maker has been buffeted by rumours of financial crisis and looming collapse since development was frozen by the new owners (click here for our coverage of the crisis at Lotus. CAR scored an interview with Bahar at the Hethel headquarters yesterday afternoon. He was abroad at the time of last week's media maelstrom, when rumours and slurs flew around about the state of Lotus's finances.