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Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.

New Nissan Micra DIG-S (2011): Prices & Models

Nissan Micra DIG-S - UK Details released It was only February when the Nissan Micra DIG-S was revealed but Nissan are now ready to let UK motorists loose in their City Car and have sent us price and model details. What we find particulary appealing about the three-pot supercharged Micra DIG-S is that it seems to offer a perfect alternative to the diesel City Car – and with much lower NOx and particulate emissions – but without the penalties in fuel economy normally associated with petrol-engined cars. Not only does it offer economy that compares favourably with a diesel-engined car of a similar size, it suffers no performance penalty either.

Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.