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Lotus sues Dany Bahar for £2.5 million
Sat, 01 Dec 2012Lotus are suing ousted CEO Dany Bahar for £2.5 million to recover the cost of his expensive lifestyle billed to Lotus. It seems DBR-HiCom, new owners of Proton (which own Lotus), took one look at the mess in Hethel and dumped Bahar, replacing him with engineer Aslam Farikullah to try and re-focus Lotus on its core products and engineering instead of pursuing Bahar’s fantasy of churning out the biggest range of luxury supercars of any car maker on the planet. That ousting led to Bahar issuing proceedings against Lotus for £6.7 million in August for wrongful dismissal (which gives you some idea of Bahar’s estimate of his own worth).
Porsche reveals Panamera Turbo S
Fri, 01 Nov 2013PORSCHE has taken the wraps off its new Panamera Turbo S, built for those who think the regular Turbo is neither fast nor exclusive enough. Prices will start at more than £131,000 for the car, which uses a twin-turbocharged 562bhp V8 petrol engine and four-wheel drive to catapult its two-tonne bulk to 62mph in just 3.8 seconds, on the way to a top speed of 192mph. Fuel economy is recorded as 27.7mpg on the European standard ‘combined cycle’ average, but drivers in the real world should expect around 20.
Spyker said to be General Motors' only candidate to buy Saab
Wed, 06 Jan 2010Spyker Cars NV is the only buyer under consideration for the Saab brand and is seeking to line up funding that will satisfy General Motors Co., a person with direct knowledge of the situation said. Financing has been a main obstacle to a deal, said the person, who declined to be identified because the information isn't public. The proposal from Spyker, a Dutch sports car maker, had included a Russian partner that GM rejected, and Spyker was seeking to arrange financing that didn't include that partner, the person said.