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Detroit 3 set pace as March sales advance

UPDATED-U.S. light-vehicle sales -- led by strong pickup and crossover demand at Detroit's automakers -- rose 3 percent to 1.45 million units last month, slightly below forecasts but a positive signal the spring selling season is off to a solid start. It was the industry's best month since 1.48 million light vehicles were sold in August 2007.

Subaru Cuts Price Of BRZ Sports Car

SUBARU has announced a price cut for its rear-wheel drive coupe, the BRZ. Alongside the sister Toyota GT86 car, the BRZ is pitched at buyers seeking a fun, low cost sports coupe to rival the driving enjoyment offered by more expensive German models. From May the BRZ experience will be £2,500 less expensive, as Subaru is reducing the price to put more distance between it and its newly launched WRX STI model.

Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs

The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.