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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).
BMW M3 coupe stripped down to go club racing
Wed, 04 Nov 2009BMW's M division is back in the business of building specialty street-legal race cars with a new lightweight version of the M3 called the GTS. The lightweight coupe, set to go on sale in early 2010 at a yet-undisclosed price, was conceived as a limited-edition model primarily for club-based racing in much the same way that Porsche builds the 911 GT3 Clubsport. But in a clear effort to link its track-based activities with the production-car side of its business, BMW's M division is offering the new car with a homologation package that will allow customers to register the M3 GTS for street use.
New car ‘sales’ up over 10% in 2014
Fri, 04 Jul 2014Sales of AFVs – like the Auris Hybrid – have grown over 50% The story of new car sales in the UK continues on its seemingly ever-upward path, with the Society of Motor Manufacturers and Traders (SMMT) reporting new car registrations in the UK up by over 10 per cent in the first half of 2014. A total of 1,287,265 new cars have been registered in the UK so far this year (although previous evidence would suggest a good 400,000 of those are dealer pre-reg cars), the highest figure since 2005. And as Alternatively Fuelled Vehicles (AFVs – those powered by anything other than a single fossil fuel source e.g.