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Lotus not liquidating

When a storied car brand moves only 137 units in a year in the UK and 242 in the US, predictions of said marque's demise carry a certain amount of weight -- 137 is not exactly a number that makes an automaker too big to fail. When the manufacturer in question shows up on a government list of companies to be shut down, brand-enthusiast hearts get heavy; the early stages of mourning kick in. But when the company in question is Lotus, the enthusiast thinks to himself, “Eh, they've been in dire straits before.

Mercedes-Benz reveals SLS E-Cell performance data

Mercedes-Benz has lifted the veil of secrecy on the plug-in-electric propulsion system of its upcoming SLS E-Cell, first revealed in concept form at the 2009 Frankfurt auto show. Set to go into limited production in early 2013, the zero-emission version of the German carmaker's signature gullwing coupe is set to rival a raft of new high-priced electric or hybrid supercars due out in the not-too-distant future, including the Audi E-tron, the BMW i8, the Jaguar C-X75 and the Porsche 918. The car is undergoing development at Mercedes-Benz's performance-car AMG unit and its British-based sister company, AMG High Performance Powertrains--the company behind Mercedes' latest 2.4-liter V6 Formula One race engine.

Senate considers more funds for cash-for-clunkers program

The cash-for-clunkers program is running on fumes, and government officials are working to get more funds for the popular program before the end of the week. A plan to add $2 billion to the fund passed the House and is being considered by the Senate, where is appears to have support, Reuters reports. The initial $1 billion clunkers outlay is nearly exhausted.