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Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

Lotus Elise Club Racer for Frankfurt

The special edition Lotus Elise Club Racer in Old English White The Elise Club Racer is based on the entry level Elise, which endows it with Toyota’s 1.8 litre engine and five-speed ‘box, delivering 0-60 mph in 5.7 seconds and a top speed of 127 mph, and manages to average 37.2 mpg. Lotus has utilised its historic colours to pretty-up the Club Racer, so you get a choice of Elite Yellow, Carbon Grey, Sky Blue and Old English White for tha paint job – all 1960s Lotus colours. The exterior body colour is carried over to the interior, where the transmission tunnel colour mirrors the exterior together with silver and black highlights.

Honda to build new Acura ILX sedan in Indiana

Honda said today it will build the Acura ILX, a new, entry-level luxury sedan, in Greensburg, Ind., starting in the spring. The Acura ILX sedan will debut as a concept at the 2012 Detroit auto show next month, Honda said earlier Monday. It will replace the TSX and be marketed as the gateway to Acura's U.S.