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Lotus secures more funding, but five-year plan is dead
Mon, 22 Jul 2013The 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.
Classic vs. Modern, Part One: Porsche 911 Carrera 3.2 or 2012 Kia Rio SX
Mon, 01 Oct 2012A recent 220-volt shock administered by the $23K-plus window sticker of a loaded Ford Fiesta rental car made me think about what the same dollars would buy in a classic car, and what the relative cost of ownership would be. My favorite matchup doesn't even require as much coin as said fully accessorized rental Fiesta. The 2012 Kia Rio SX carries an as-tested-by-Autoweek price of $20,745.
Ford to sell off Volvo: newsflash
Mon, 01 Dec 2008By Tim Pollard Motor Industry 01 December 2008 15:18 Ford has just announced it is putting Volvo up for sale. The strategic review, announced today, is part of the Blue Oval’s rescue plan and, if it does sell its Swedish outpost, it could add hundreds of millions to Ford’s wonky balance sheet. The news underlines the collapse of Ford’s global ambitions.