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Team Lotus snaps up Caterham +video

Team Lotus buys Caterham Cars - and a Team Lotus Special Edition Seven to celebrate Team Lotus – that’s the ‘Lotus’ F1 run by Tony Fernandes, not the Hethel mob run by Dany Bahar – has bought Caterham Cars from Corven Ventures for an undisclosed sum. Which is all very apposite, what with Caterham being the spiritual home of Colin Chapman’s Lotus Seven and keeper of the Chapman ethos of lighter is better. To tie Caterham back in to the Lotus name could work wonders for sales.

Swedish court rejects Saab creditor-protection plea; Saab will appeal

A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.

Royal College of Art show 2014: the concept cars

By Tom Gregory Motor Shows 20 June 2014 14:54 One of the world's top automotive design courses has revealed 12 cars of the future, penned by wannabe designers who could be working on production cars soon. Graduate students at the Royal College of Art in London were asked to create cars of the future, with a focus on sustainability and striking a real emotional chord with consumers. Read on to find out more: warning designer imaginations are on the loose...  Virtuous - the honest EV by Daniel Quinlan Quinlan's chunky two-seat electric car builds on the freedom of using EV power compared with a traditional petrol powertrain.