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Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.

Jaguar C-X16 Revealed: It may be the XE, but it’s no E-Type Jag

Jaguar C-X16 - innovative under the skin We’ve known the new small sports car from Jaguar – which may or may not become the Jaguar XE – was heading for Frankfurt for some time. Especially after we had teases of the Concept version – the Jaguar C-X16 – a few weeks ago. So it was no surprise when we had a heap of new photos and a video of the C-X16 drop in to our inbox at midnight.

2013 Ford Escape can tow 3,500 pounds with EcoBoost engine

The 2013 Ford Escape, which we saw at the Detroit auto show in January, will have a towing capacity of 3,500 pounds when equipped with the 2.0-liter EcoBoost engine, Ford said on Wednesday. That number easily bests four-cylinder-equipped competitors such as the Volkswagen Tiguan, the Kia Sportage and the Acura RDX. Ford says the new engine will make enough power to pull two jet skis down to the lake with a trailer, or to drag a snowmobile to the frozen tundra.