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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.

Renault Clio & Megane World Series Special Edition launched

Renault has released World Series Limited Editions of the Clio and Megane The World Series Limited Editions are based on the Dynamique trim level, but throw in a chunk of extra kit to make these World Series Limited Editions. The Renault Clio World Series gets side skirts, an extended front spoiler, new back bumper and the required ‘WSR’ badges. You get an engine choice – the 1.2 litre 75, the nTCe 100 or the dCI oil-burner.

VW’s big jump in profits shows the cost for ‘Premium’ badges

Volkswagen’s profits jumped by £5.7 billion to £25.5 billion with sales numbers up by one million. But the big profits come from ‘Premium’ badges. What’s in a name?