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Team Lotus buys Caterham Cars

Caterham Cars has been sold to Team Lotus Enterprise, the holding company for the Team Lotus Formula One team.  So Lotus has bought back the Caterham Seven? No. Team Lotus, the UK-based F1 team owned by Malaysian businessmen Tony Fernandes, Kamarudin Meranun and SM Nasarudin has done the deal. You're thinking of Group Lotus, the makers of Lotus sports cars led by Dany Bahar – Group Lotus sponsors of Lotus Renault GP, the UK-based F1 team that was formerly Renault.

Aston Martin recalls most cars made since 2007

Aston Martin Aston Martin is recalling 17,590 cars - most models built since late 2007 - over a counterfeit component mistakenly used in the accelerator assembly, the firm announced this evening. A Chinese supplier makes the throttle pedal and Aston Martin said it had discovered one part used counterfeit plastic material instead of the correct component from a European supplier. Aston Martin is keen to stress that there have been no instances of the part failing or any accidents as a result of the counterfeit part.

Hyundai Veloster roof recall expands

Hyundai is recalling more 2012 Veloster hatchbacks with panoramic sunroofs to fix a weakened assembly that may cause the sunroofs to shatter while driving. The recall impacts 6,071 Velosters manufactured from July 4-Oct. 31, 2011.