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Lotus City Car Confirmed

Lotus City Car At the Paris Motor Show back in September Lotus arrived with more ‘New’ cars than any other car maker – much to everyone’s amazement. There was everything from the mid-engined Lotus Esprit to the Rapide-challenging four-door supercar that was the Lotus Eterne. In amongst the supercar-fest – that included the aforementioned Lotus Eterne and new Lotus Esprit – was the Lotus Elite, a new Lotus Elan and a new new Lotus Elise, a total of five new Lotus cars designed to turn Lotus in to an East Anglian Aston Martin.

Volkswagen hits back, weighs making a bid for Porsche

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.

Toyota adds i-Road to urban mobility trials

TOYOTA has added its futuristic i-Road concept to its “Ha:mo” urban transport trials. It is the latest vehicle to be added to the rapidly expanding scheme, which is being held at the so-called Toyota City; Toyota’s huge presence in Japan’s Aichi Prefecture. The Ha:mo (Harmonious Mobility network) trials are an attempt to develop a sophisticated, integrated transport system for cities, making use of electric vehicles wherever possible but with the key emphasis on encouraging travellers to use the ‘most appropriate’ means of transport at all times.