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Seat celebrates 60 years of production

SPANISH car maker Seat has this week celebrated its 60th anniversary, releasing pictures dating back to its very first model, the 1400. Six decades have now passed since the first 1400 rolled off the production line, when the brand new company was inundated with 10,000 orders following the end of petrol rationing in Spain. With so much production demand Seat was able to drop the initial price of 121,875 to a more reasonable 117,000 pesetas, or what would have been about £590 at the time.

Lotus and Daniel Simon collaborate on C-01 hyperbike project

Lotus has announced the impending launch of its first motorcycle, the C-01, penned by automotive designer and futurist Daniel Simon. The C-01, previewed on the left, will be a hyperbike with integrated racing technology made from materials such as carbon, titanium and aerospace quality steel, and will be powered by a 200hp engine. It is designed to reflect a combination of lifestyle, design and high-end technology.

Chrysler quadruples profit in first quarter

The Chrysler Group is riding high on first-quarter profits this year that totaled $473 million. That's quadruple what it made last year during the same period. Revenue rose 25 percent to $16.4 billion, while U.S.