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Caterham Cars launches engineering business

Caterham Cars has created a separate engineering business, Caterham Technology and Innovation Ltd (CTI). It is one of the first moves since Team Lotus Enterprises took control of the company in April. Caterham Technology and Innovation will develop a new line of lightweight sports cars inspired by the Caterham Seven and draw on materials and knowledge gained from Team Lotus Formula One and the Caterham Air Asia Team in the GP2 Series.

Bugatti Veyron Grand Sport Vitesse sets World Speed Record: OFFICIAL

What it was was a new world speed record for the Bugatti Veyron Grand Sport Vitesse, Bugatti’s convertible Veyron, which had been out playing at VW’s Ehra-Lessien test track in the hands of Chinese driver Anthony Liu, and under the watchful eye of Germany’s Technical Inspection and Certification (TÜV) to certify the Vitesse’s performance. That new world speed record for an open-topped production car is now officially 408.84kph (254mph), so Bugatti are dong what Bugatti do and producing a limited edition World Speed Record car – the Bugatti Veyron Grand Sport Vitesse WRC Edition. The Vitesse WRC comes with Bugatti’s 7.9 litre W16 with 1184bhp, 1,106lb/ft of torque and the same orange and black colour scheme as the Grand Sport World Record Coupe got when it broke the world speed record for a production car.

Chrysler announces employee pricing, $6,000 rebates

Chrysler LLC, reeling from plunging U.S. sales and bulging inventories, will offer all customers the same prices paid by employees and boost rebates to as much as $6,000. The program, called "Employee Pricing Plus Plus," begins Monday on Jeep, Dodge and Chrysler models.