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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Ford to offer 4 vehicles in 2011 with certified EPA ratings of 40 mpg

Ford Motor Co. expects the 2012 Focus compact to earn 40 mpg, giving the automaker four vehicles that produce 40 mpg or more in 2011. Three of the 2011s--the Fiesta subcompact SE with SFE package, Fusion Hybrid and Lincoln MKZ Hybrid sedans--have certified 2011 EPA ratings of 40 mpg highway/41 city.

Renaultsport R.S 01 first pictures: Renault’s new 2014 racer revealed

By Tim Pollard First Official Pictures 27 August 2014 16:26 If you were worried that Renaultsport had lost its mojo after the lacklustre Clio RS, think again: it’s just unveiled the new Renaultsport R.S 01, a wild and focused track racer for the Trophy one-make series. Weighing less than 1100kg thanks to its Dallara-sourced carbonfibre chassis, the R.S 01 has a 3.8-litre V6 engine developing ‘more than 493bhp.’ The engine is borrowed from in-house alliance partner Nissan’s GT-R Nismo high-performance coupe, and is breathed on by two turbochargers. It’s mounted amidships and revs to an angry-sounding 6800rpm.