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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Hyundai Santa Fe (2012) first official pictures

Hyundai will unveil its new Santa Fe SUV at the New York motor show in April 2012. The Koreans have committed to the Santa Fe name for its full-sized SUV, following on from its DM codename. That's no surprise: Hyundai has shifted 2.6 million Santa Fes since launch in 2000.

MINI Clubvan AXED in the US after just 50 sales

The MINI Clubvan (pictured) has been axed in the US after just 50 sales The MINi Clubvan – a van version of the Clubman – arrived in 2012 as a concept and instantly evoked fond memories of the original Mini van that used to roam UK roads with the black and yellow livery of the AA. By the time the new MINi Clubvan arrived as a production model last summer – and debuted at the 2012 Goodwood FoS – it had changed little from the concept, but looked set for success as a funky little local delivery vehicle. And it does seem as though the Clubvan is selling quite well, with florists and posh food delivery firms jumping on the Clubvan as a great way to move their product to customers, and look just that bit different in the process.