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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.

New Ford Mustang goes on sale in Europe at UEFA Champions League Final

The new Ford Mustang (pictured) on sale for Football fans The new Ford Mustang is going to be available in the UK, and in right hand drive for the first time, and Ford has decided to make it a bit of an event. Sponsors of the UEFA Champions League since 1992, Ford has decided that the UEFA Champions League Final between Real Madrid and Atlético de Madrid in Lisbon, when Ford expects 70 million UK and European fans to tune in, is the ideal time to put the new Mustang up for sale. Ford is offering 500 pre-order Mustangs during the final – 130 of which will be RHD for the UK – in a choice of Fastback or convertible and with either the 324bhp 2.3 litre EcoBoost or the 420bhp 5.0 litre V8.

Green three-wheelers may get Energy Department funding

Aptera Motors, Elio Motors and other companies developing fuel-efficient three-wheeled vehicles got a boost from Congress this week in their quest for federal funding. Legislation to make three-wheeled vehicles eligible for Energy Department loans passed a conference committee of House and Senate leaders Wednesday and then got approval from the full House on Thursday. It is part of an energy spending bill likely to go before the Senate by next week for final congressional passage, a Senate aide said.