Italian design house Bertone nearing bankruptcy

The Italian design house Bertone is reportedly nearing bankruptcy again, according to a report from Autocar. The carrozzeria has experienced financial problems in 2008 and 2013, and even though it generated more than €20 million, or approximately $28 million, last year, the company reportedly laid off 160 employees recently. At least 30 workers who have been laid off have taken action against the company, seeking to recover monies owed to them.

Concept Car of the Week: Plymouth XNR (1960)

In the early ‘50s, both GM and Ford offered attractive and exciting sports cars, symbols of a proud post-war America. Ford had the Thunderbird and GM the Corvette, but Chrysler's approach was more pragmatic, producing cars that were practical and robust but also slow. After commissioning a long series of concepts designed by Italian carrozzeria Ghia, Chrysler gave a free hand to its design chief Virgil Exner to inject some life into its lineup.

£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.