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Alfa Romeo is not for sale, Fiat chairman says

Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.

BMW i3 Concept Coupe (2012) first photos

BMW has converted its i3 electric hatchback into a three-door. Munich might call it the new BMW i3 Concept Coupe, but essentially it's the hatch minus a pair of doors. Receiving its world debut at the 2012 Los Angeles auto show, which starts later today, the new BMW concept car is another spin-off from the Project i electric car family and proves that Munich plans a whole family of EVs when the range launches in 2013.

Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.