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Lotus Group CEO Dany Bahar suspended, facing investigation

Lotus Group chief executive officer Dany Bahar has been suspended and is facing an investigation following an undisclosed conduct complaint. While there is no official word on the nature of the complaint against Bahar, the The Daily Telegraph reports that it might be related to expenses claimed by Bahar or a legal dispute surrounding renovations on one of two Norwich, England, rental homes paid for by Lotus. Bahar's suspension has heightened the uncertainty surrounding the future of the Lotus Group.

London black cabs to go 100% green by 2018

The Mayor of London, Boris Johnson, announced plans this week that will require all new London taxis to be zero-emission capable from 1 January 2018. The Mayor was speaking at Transport for London's 'New Taxis for London', an event where he met five manufacturers currently developing vehicles designed to meet the new requirements. Boris Johnson has previously pledged to make the capital an Ultra Low Emission Zone by 2020, although some have argued that it needs to come sooner than that.

Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.