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Lotus goes light again with go-karts
Wed, 19 Oct 2011Group Lotus, not to be confused with Formula One's Team Lotus, is trying its hand at grassroots racing. The Lotus Racing Karts team will unveil its first 2012 model at the annual Autosport International event on Jan. 14, 2012, in Birmingham in the United Kingdom.
News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
VW Scirocco 2014 update for Geneva Motor Show
Mon, 17 Feb 2014The Volkswagen Scirocco is set to get a new look and extra power at the 2014 Geneva Motor Show. The restyled ’Rocco arrives 40 years after the original made its debut in Geneva back in 1974, and brings with it extra performance and improved efficiency. New look for 2014 Volkswagen Scirocco The update to the Scirocco’s appearance is subtle but distinct, giving the car a flatter-looking nose and an increasingly Golf-like rear end.