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Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.

Skoda CitiJet Concept revealed – heading for Worthersee

Skoda CitiJet Concept – created by students What you see in the Skoda CitiJet Concept (above) is what you get if you let 16 Skoda design students loose and tell them to take the CitiGo and turn it in to their ideal concept car. The Skoda CitiJet – which will be joining the SEAT Ibiza Cupster and Audi A3 Clubsport at Worthersee – took six months to create and gets its roof removed as well as its back seats – where there are roll-over bars instead – a rear wing twin exhausts and 16″ alloys with red brake calipers lurking beneath. Under the bonnet sits the regular 1.0 litre 3-cylinder petrol engine with 74 bhp you’ll find in the normal CitiGo, and the interior is lifter straight out of the CitiGo Sport so there’s red stitching to make everything look a bit more ‘sporty’, a leather steering wheel and Sport seats.

Honda to build subcompact cars in Mexico

Honda Motor Co. said Friday it will build an $800 million assembly plant in Mexico to produce subcompact vehicles for the Mexican and North American markets. The Japanese automaker said the plant is scheduled to begin operation in 2014 with an annual capacity of 200,000 units.