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Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.

Alan Mulally joins ‘Innovation power panel’ Keynote at CES

An ‘Innovation Power Panel' Keynote was the highlight of the second full morning of the 2012 Consumer Electronics Show (CES) in Las Vegas. Underlining the importance of this event to the automotive industry, and the importance and weight the automotive field now carries in the consumer electronics sphere, Alan Mulally – President and CEO of Ford motor company – was part of a three-person panel exploring how companies innovate, cope with failure and the relentless pace of change in the electronics world. Mulally was joined by Ursula Burns, Chairman and CEO of Xerox Corporation and John Stratto, Enterprise Executive at Verizon, the US telecoms company.

Hummer HX concept (2008): first official picturesHX

By Ben Oliver First Official Pictures 15 January 2008 20:57 The Hummer HX concept was one of the surprise hits of this year’s Detroit  show. Penned by three young designers, it is pure concept-car madness. But it is also an admission by General Motors that Hummer needs to downsize if it is to survive.