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Team Lotus buys Caterham Cars

Caterham Cars has been sold to Team Lotus Enterprise, the holding company for the Team Lotus Formula One team.  So Lotus has bought back the Caterham Seven? No. Team Lotus, the UK-based F1 team owned by Malaysian businessmen Tony Fernandes, Kamarudin Meranun and SM Nasarudin has done the deal. You're thinking of Group Lotus, the makers of Lotus sports cars led by Dany Bahar – Group Lotus sponsors of Lotus Renault GP, the UK-based F1 team that was formerly Renault.

U.S. new car sales surge at fastest pace in nearly 7 years

U.S. sales of cars and light trucks surged 9 percent in November 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.3 million a year earlier and easily topping analysts' forecasts in the 15.8 million range.

Koenigsegg One:1 to debut at 2014 Geneva Motor Show

The extreme Koenigsegg One:1 (pictured) will debut at the 2014 Geneva Motor SHow At the end of 2012 we exclusively revealed the first details of the Koenigsegg One:1, an extreme take on the Agera R and being built in very small numbers. Then, in September last year, we were able to flesh out what the Koenigsegg One:1 would offer after Koenigsegg revealed more details – and it is impressive. The One:1 will come with 1,400 HP and weigh in at just 1400 KG, and that weight includes all fluids and even the weight of an average driver.