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Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs
Mon, 31 Oct 2011The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.
Fisker lays off majority of staff
Fri, 05 Apr 2013This story originally appeared on Automotive News Fisker Automotive, the plug-in hybrid sports-car maker that has been grappling with financial troubles, laid off about 160 of its more than 200 employees Friday morning. A Fisker source who was among the employees affected said the layoff took place at about 8 a.m. Pacific.
BMW Z1: Where it all began
Thu, 18 Aug 2011For the launch of the new Z4 sDrive 28i, BMW brought out a bit of a history in the Z1, which started the company on its trip down the Z roadster path. The car came from the company's collection in Munich. With only 10,000 miles showing on the odometer, journalists were turned loose with just a gentle word of caution to try and not break anything.