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Bahrain Grand Prix: Vettel takes pole

Bahrain Grand Prix 2012 - Vettel on pole Sebastian Vettel puts his Red Bull on pole position for tomorrow’s F1 Grand Prix in Bahrain – the first Red Bull poll of 2012. After two years of Red Bull dominance in F1 – in particular by world champion Sebastian Vettel – the 2012 F1 season has been a bit of a shambles so far for the Red Bulls – certainly by their usual standards. But it looks like we may be back to business as normal in Bahrain with a pole position for Red Bull by Sebastian Vettel with team mate Mark Webber right behind him on the grid in third place.

£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Renault says Saturn supply deal ‘just didn't add up'

In the eleventh hour of Roger Penske's venture to acquire Saturn from General Motors Co. to keep the brand alive, Renault's executive committee in France concluded, “Ca fait deux.” Rough translation: “It's not going to come together.” Despite Penske's statements that his organization had been in discussions with automakers around the world, ultimately his hopes had been pinned on only one: Renault SA. Penske and Renault CEO Carlos Ghosn are friends and talk frequently.