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News watch May 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 1 June 2012• Peugeot-Citoren has been hit hardest by a 17% drop in overall domestic sales during May. PSA saw a 28% fall in sales, with Renault suffering a 14% decline, and Fiat 21%.

MPs call for parking charge reports

COUNCILS should publish annual parking-charge reports to show where revenue comes from and where it is being used, MPs said today. The use of parking charges and fines specifically to raise revenue was "neither acceptable nor legal" said Louise Ellman, chairman of the House of Commons Transport Committee. Launching a report by her committee into local authority parking enforcement in England, Mrs Ellman said: "There is a deep-rooted public perception that parking enforcement is used as a cash cow, so it's essential that local authorities apply stringent transparency." The committee said local authorities in England had a collective parking surplus in the hundreds of millions of pounds, but that the exact amount was subject to debate.

Craigslist catch: 1986 Lotus Turbo Esprit

For the masochistic car enthusiast--and many of us here at AutoWeek count ourselves among that breed--nothing is sure to tantalize and frustrate quite as nicely as a Lotus. Not just any Lotus, mind you, but a peaky, force-fed, emissions-saddled 1986 Turbo Esprit. The example shown here, http://detroit.craigslist.org/okl/ctd/2318628863.html, appears to be a fine specimen of Giguaro's wedgy Brit, and the rear-quarter decals indicate that this is a late HCi model--high-compression plus Bosch fuel injection.