Morse Controls Engine Control M on 2040-parts.com

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.

Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

Office drifting redux: Hyundai slides back

Alright Rhys Millen, you've won this round of office drifting, but you haven't won the war! Hyundai star and Pike's Peak champion Millen released a video on Thursday of a joyride through the empty ex-offices of HMA in Fountain Valley, Calif. Wonder where they got that idea?