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Lotus sues Dany Bahar for £2.5 million
Sat, 01 Dec 2012Lotus 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).
Future products: Geely must retool Volvo plans
Wed, 01 Sep 2010Ford Motor Co.'s sale of Volvo to Geely in August leaves doubt about the Swedish company's product plans. For example, all of Volvo's current range except the 9-year-old XC90 crossover makes use of Ford vehicles and components. The XC90 is based on Volvo's P2 platform and was developed before Ford ownership.
Hennessey HPE700 Twin Turbo Corvette to bow in Boca
Tue, 11 Feb 2014If you saw the 455-hp Chevy Corvette Stingray and thought, “I’ll hang on to my money for something faster,” and then you saw the 625-hp Corvette Z06, and said, “It’s a little too wild-looking for me,” the Hennessey HPE700 Twin Turbo Corvette might be just right The Texas-based tuner will reveal its latest, surprisingly tasteful offering at the Boca Raton Hangar Party that kicks off the Boca Raton Concours on Feb. 21. Hennessey claims 707 hp at 6,400 rpm along with 661 lb-ft of pavement-shredding torque in this new modified ‘Vette.