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Lotus sues Dany Bahar for £2.5 million

Lotus are suing ousted CEO Dany Bahar for £2.5 million to recover the cost of his expensive lifestyle billed to Lotus. It seems DBR-HiCom, new owners of Proton (which own Lotus), took one look at the mess in Hethel and dumped Bahar, replacing him with engineer Aslam Farikullah to try and re-focus Lotus on its core products and engineering instead of pursuing Bahar’s fantasy of churning out the biggest range of luxury supercars of any car maker on the planet. That ousting led to Bahar issuing proceedings against Lotus for £6.7 million in August for wrongful dismissal (which gives you some idea of Bahar’s estimate of his own worth).

Lexus at Geneva: Lexus CT 200h – U.S. bound

The Lexus CT 200h at Geneva - Lexus tell us it will be sold in the USA Despite moaning about the less than drop-dead-gorgeous looks when Lexus first showed us the CT 200h as the LF-Ch Concept – with a pretty awful gold paint job – the production ready CT 200h does look a bit more appealing. Still definitely not drop-dead-gorgeous - far from it – but credible enough, in a Lexus sort of way. There’s really nothing new to report on the CT 200h itself from Geneva, except that Lexus has announced that the CT200h will be sold in the US.

Used car sales return to pre-recession levels

As the UK’s buoyant new car sales figures continue to buck the European trend, it was only a matter of time before this had a positive knock-on effect on sales of used cars. Now, according to figures released in the latest BCA Used Car Market Report, used car sales hit 7.1 million last year, outpacing new car sales by 6.4% and, even more crucially, returning to pre-recession levels. Best used car buys for 2013 On Bing: see pictures of used cars In fact, a record £38.1 billion worth of used cars were sold in 2012, £5.8 billion more than was spent on new cars.