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Lotus CEO Dany Bahar on the crisis at Lotus Cars

Lotus chief executive Dany Bahar has laid bare the business position at Lotus Cars since the takeover of parent company Proton by Malaysia's DRB-Hicom. Norfolk's sports car maker has been buffeted by rumours of financial crisis and looming collapse since development was frozen by the new owners (click here for our coverage of the crisis at Lotus. CAR scored an interview with Bahar at the Hethel headquarters yesterday afternoon. He was abroad at the time of last week's media maelstrom, when rumours and slurs flew around about the state of Lotus's finances.

Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.

Renault axe Espace, Kangoo, Laguna, Modus & Wind in UK

Renault Wind Gordini - just arrived, now it's gone Renault is axing the Espace, Kangoo, Laguna, Modus & Wind models in the UK in a drive to restore profitability. In an age when we’re use to car makers extending their ranges on an almost daily basis, Renault are going the opposite way by cutting four models from their range of cars in the UK. Out will go the Wind Roadster, the Espace, the Modus, the Kangoo and even the car that most would think of as one of Renault’s best selling models – the Laguna.