DRB-Hicom reject offer for Lotus

DBR-Hicom – owners of Proton and Lotus – have rejected an offer for Lotus and are intent on nursing it back to health. The rumours surrounding the fate of Lotus - especially after the Dany Bahar saga – have been rumbling around the car world for a long time. Will DRB-Hicom – who bought Proton, owners of Lotus, in 2011 – cut and run, or will they see Lotus as a possible jewel in their crown to be nursed back to health?

California car dealer buys cache of Ferraris

A collection of 21 Ferraris has changed hands, and it's headed for the United States. Car collector Tom Price, owner of Price Family Dealerships in Marin County, Calif., bought 21 classic Ferraris. The collection hit the market last year as Dutch vehicle-distributor Kroymans entered into bankruptcy.

Next Ford Mustang to follow Evos concept, ditch retro styling, report says

The Ford Mustang has been rolling with a retro-heavy styling theme since the fourth generation of the pony car appeared as a 1994 model. But the Wall Street Journal reports that the sixth-generation Mustang, due out in about two years, will break that mold. The newspaper, citing sources it did not name who know of Ford's plans, says that the new Mustang will look a lot like the Evos concept from last year's Frankfurt show.