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Lotus to build own V8 for Lotus ‘More Authentic’ than 458 or MP4-12C

New Lotus Esprit will get a Lotus developed V8 We thought Lotus were mad brave to announce to the world last year that they were turning themselves in to an East Anglian Aston Martin with a completely new range of much more expensive cars. But now we hear they’re also going to produce their own V8 engine. Wow.

Jaguar Land Rover to create ANOTHER 1700 jobs

1700 new jobs created by JLR to build new smaller Jaguars like the Jaguar Crossover (pictured) We’ve reported on the creation of more and more jobs in recent years by Jaguar Land Rover as Land Rover’s products, in particular, drive forward. But Jaguar is soon to undergo a transformation as a new, smaller range of cars and crossovers join the current lineup of F-Type, XF, XJ and XK to emulate the sales success Land Rover is enjoying, particularly with the Range Rover Evoque. That means yet more new jobs at Land Rover – 1,700 at Solihull – taking the new jobs Jaguar has created in the last few years to 11,000 and an additional  £1.5 billion product creation investment.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.