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Lotus sues Dany Bahar for £2.5 million

Lotus are suing ousted CEO Dany Bahar for £2.5 million to recover the cost of his expensive lifestyle billed to Lotus. It seems DBR-HiCom, new owners of Proton (which own Lotus), took one look at the mess in Hethel and dumped Bahar, replacing him with engineer Aslam Farikullah to try and re-focus Lotus on its core products and engineering instead of pursuing Bahar’s fantasy of churning out the biggest range of luxury supercars of any car maker on the planet. That ousting led to Bahar issuing proceedings against Lotus for £6.7 million in August for wrongful dismissal (which gives you some idea of Bahar’s estimate of his own worth).

One Lap of the Web: The Internet celebrates the Mustang

Fifty years ago, Muhammad Ali became the heavyweight champion of the world, "Jeopardy!" debuted, Lockheed went 2,000 mph with the YF-12 and a mop-topped band went on a television show to promote what would be shameless nostalgia for the next 50 years, even while it was happening. Oh, and Ford introduced the Mustang, an event that would be Lee Iacocca's Second Greatest Shining Moment, behind introducing Chrysler's TC by Maserati as the prettiest Italian to arrive stateside since his mother. The World's Fair was 50 years ago this week, and the Internet remembers what it was like when the Mustang came out.

News watch May 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first.  (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.