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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.

Ford completes $14 million overhaul at its German design studio

Ford has opened a $14.5 million expansion of its design studios at Merkenich-Cologne in Germany. Global design work for Ford's subcompact and compact vehicles, including the Fiesta and the Focus, is done at the center, which is close to the automaker's Cologne factory where the Fiesta is built. The expansion is the largest since the studios were constructed in 1968 and increases the size by about 32,300 square feet to about 172,000 square feet.

New Nissan 'Golf rival' teaser shot revealed

AFTER a long absence from the compact family hatchback market, Nissan has released a teaser shot of the car that it hopes will 'putt' the Volkswagen Golf in its place. The new car will be called the Pulsar, and comes eight years after the final UK-bound Almera hatchback was sold. Nissan will be hoping that the dour reputation of that car will be left long behind, and on the basis of its latest models like the new Qashqai, things are looking good.