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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.

New Mustang hits the silver screen

THE ALL-NEW Ford Mustang is following is ancestors onto the silver screen when it makes it film debut in Need for Speed, which is out on 14 March. Starring Aaron Paul, the film uses a bright red Mustang Fastback. The film’s director, Scott Waugh, said: ‘I chose the Mustang because it is a car that represents American culture and modern muscle cars.

Car insurance market condemned by MPs

CAR INSURANCE is a "highly dysfunctional market" in which firms' pursuit of profit has led to higher prices for consumers, a report by MPs has said. In some cases, business practices have not been in the consumer interest and have "inadvertently encouraged criminal activity", the report from the House of Commons Transport Committee said. There was no clearer example of this than "insurance firms' willingness to pay compensation for whiplash claims which they suspect are fraudulent without requiring the claimant to undergo a medical examination".