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Lotus CEO Dany Bahar on the crisis at Lotus Cars

Lotus chief executive Dany Bahar has laid bare the business position at Lotus Cars since the takeover of parent company Proton by Malaysia's DRB-Hicom. Norfolk's sports car maker has been buffeted by rumours of financial crisis and looming collapse since development was frozen by the new owners (click here for our coverage of the crisis at Lotus. CAR scored an interview with Bahar at the Hethel headquarters yesterday afternoon. He was abroad at the time of last week's media maelstrom, when rumours and slurs flew around about the state of Lotus's finances.

Ford moves upmarket with new Mustang, Edge and Vignale sub-brands

Ford Britain's biggest carmaker is fighting back against increased competition from budget brands from below and executive makes from above with an aggressive expansion, which will see it launch three new models by the end of 2015. Ford is about to introduce models popular in the US over here to stretch its product line-up above the £30,000 threshold. At last week's Geneva Motor Show, the company showed the new Mustang sports car as well as the new Edge crossover (above).

Saab sale to National Electric Vehicle Sweden confirmed

The sale of a substantial portion of Saab assets to National Electric Vehicle Sweden has been confirmed. It’s taken a very long time, but Saab has finally found a new home in the hands of National Electric Vehicle Sweden, as we reported last week. National Electric Vehicles Sweden has been set up to take over the assets of Saab and is a consortium of Japanese, Swedish and Chinese stakeholders, but it does not get the contentious Saab 9-5 technology that has dogged the sale of Saab so far.