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Lotus gets a new boss – former Citroen Peugeot President Jean-Marc Gales
Fri, 02 May 2014Jean-Marc Gales left) new Lotus CEO with Aslam Farikullah Following the debacle of Dany Bahar’s grandiose plans to turn Lotus in to a cross between Aston Martin and Ferrari, owners DRB-HICOM/Proton have been busy trying to get ship Lotus back on an even keel. That started with the appointment of engineer Aslam Farikullah as chief operating officer at Lotus when Bahar got his marching orders, and he’s been busy for the last two years bolting Lotus back together, cutting costs, improving quality and increasing sales. Now, it looks like Lotus are readying themselves for the next stage of their recovery – which will include new models – as former PSA president Jean-Marc Gales is appointed as Lotus CEO to work with Aslam Farikullah.
1957 Ferrari sells for record $12.1 million at auction
Sun, 17 May 2009A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.
Mercedes F125 concept (2011) at Frankfurt motor show
Tue, 13 Sep 2011Mercedes today unveiled the F125 concept car - a car bearing the three-pointed star's F name to demark it as a tech testbed, and the 125 to mark Merc's 125th anniversary in this four-wheeled business. It's a hydrogen fuel-cell vehicle, and Merc claims a punchy 1000km (620-mile) range. But the scientists here are proud of the cutting edge lithium sulphur batteries, used to store energy created by the fuel-cell.