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PG Elektrus looking for the Tesla Roadster market

PG Elektrus aims to take over from the Tesla Roadster German manufacturer PG and designer Michael Fröhlich have created the PG Elektrus, a Lotus Elise with an electric motor. With production of the Tesla Roadster now at an end, where will the millions thousands hundreds handful of car buyers round the world looking for an electric Lotus Elise for three times the money of the donor car look for gratification? Step up the PG Elektrus.

Market view: why the Jaguar XJ has an uphill battle

By Glen Brooks Motor Industry 10 July 2009 16:11 It’s a sobering thought for Jaguar management that no matter how good the new 2010 XJ is, it’s never going to be a big seller. The global market for large executive saloons was in decline long before the Great Recession appeared, the buyers in this segment increasingly tempted by models as diverse as the BMW X6, Infiniti FX, Cadillac Escalade or Mercedes GL-Class crossovers and SUVs. The generation that was chauffeured in an S-class or XJ is retiring, with the owner-drivers who succeed them soon to be preferring a Porsche Panamera, Aston Martin Rapide or Audi A7.

Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.