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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Tesla Model X Electric SUV production confirmed for early 2015

The Tesla Model X SUV (pictured) will start production in early 2015 The Tesla Model S electric car has been a bigger success than anyone could have guessed, and is probably the only electric car that offers a real alternative to an ICE car. But a one-model range is not a recipe for long-term success, so Tesla are planning on delivering a 4WD electric SUV and a BMW 3-Series EV to add to the Model S, with production of the Model X SUV now conformed for early 2015. In an email to customer who have already put a deposit down on the Model X SUV, tesla reveals that they will be building the first production prototypes this Autumn, and that proper production of the Model X will commence in early 2015.

Malaysian Grand Prix: Hamilton quickest in Friday practice as McLaren & Mercedes dominate

McLaren quickest in practice for 2012 Malaysian Grand Prix Lewis Hamilton put the disappointment of Australia behind him to dominate Friday practice for the Malaysian Grand Prix. The opening F1 Grand Prix of the year in Australia last week saw McLaren take an impressive first and third with Jenson Button doing his best Alain Prost imitation to dominate proceedings, with team-mate Hamilton managing third after a poor start. But Hamilton’s grumpy face on the podium in Melbourne said it all – not a start to the new season McLaren’s ‘senior’ driver wanted.