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How Lotus plans to stem losses of £71 million in 2015 and beyond

Rated 4 out of 54

Tim Pollard, 22 December 2014 07:00

The Lotus Group reported a £71.1 million loss for the 2014 financial year, according to documents recently filed at Companies House. The Norfolk car maker, which is being restructured under new CEO Jean-Marc Gales, blamed the loss  in its annual report on ‘weak market conditions, fragile consumer confidence, increased competition and cost pressures.’ Although the ongoing losses in Hethel make ...

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How Lotus plans to stem losses of £71 million in 2015 and beyond

Rated 4 out of 54

Tim Pollard, 22 December 2014 07:00

The Lotus Group reported a £71.1 million loss for the 2014 financial year, according to documents recently filed at Companies House. The Norfolk car maker, which is being restructured under new CEO Jean-Marc Gales, blamed the loss  in its annual report on ‘weak market conditions, fragile consumer confidence, increased competition and cost pressures.’ Although the ongoing losses in Hethel make ...

Alfa Romeo MX-5 is no more: confirmed as Fiat-Abarth instead

Rated 4.5 out of 54.5

Tim Pollard, 19 December 2014 10:20

The forthcoming Alfa Romeo Spider will not be a rebodied Mazda MX-5, it has been confirmed to CAR magazine. In an interview published in the new January 2015 issue, the head of the Alfa brand revealed that its new Spider would be developed in-house, rather than in collaboration with the Japanese. This is a stark U-turn for the Fiat group. ...

Lotus handling guru Matt Becker joins Aston Martin

Rated 3.5 out of 53.5

Tim Pollard, 16 December 2014 09:23

Matt Becker, one of the handling aces who make Lotus cars steer so sweetly, has been poached by Aston Martin. He has been appointed to ensure the next generation of Aston Martins handle as well as they look, in his new role as chief engineer VAE. That's Vehicle Attribute Engineering to you and me, aka seeing that Aston Martins meet ...

Bentley ‘to double sales to 20,000 a year’ - report

Rated 4 out of 54

Tim Pollard, 15 December 2014 10:18

British upmarket brand Bentley is planning to double its sales to 20,000 a year, according to a newspaper report in Germany. Frankfurter Allgemeine Zeitung says CEO Wolfgang Duerheimer revealed the new target, set to be achieved by the end of the decade. The news comes as the Volkswagen group, which owns Bentley, is hellbent on becoming the world’s biggest car ...

Tired of blindspots? Check out JLR's new virtual A-pillars

Rated 4 out of 54

Tim Pollard, 15 December 2014 09:37

Jaguar Land Rover (JLR) hopes to banish blindspots caused by chunky structural pillars with a new head-up display system. Called the 360 Virtual Urban Windscreen, digital video technology creates what JLR calls ‘transparent roof pillars’ to get rid of blindspots forever. Many modern cars are blighted by thick A-pillars, as engineers aim to improve rollover and crush strength - ironically ...

New Ford Focus RS hot hatch confirmed

Rated 3.5 out of 53.5

James Taylor, 11 December 2014 16:35

It’s been a while coming – the last one was launched in 2009 – but it’s been confirmed today that a new Ford Focus RS is on the way. Not entirely a surprise, that – we captured a prototype RS pounding round the Nordschleife on camera back in July – but it’s good to hear nonetheless. After all, the previous-gen ...

Volvo testing new DrivE three-cylinder engines

Rated 3 out of 53

Tim Pollard, 11 December 2014 09:00

Volvo today confirmed it is testing its new DrivE range of three-cylinder engines. And small doesn’t mean slender; Volvo’s three-pots develop up to 180bhp. The engine range will complement the existing four-cylinder DrivE family; lopping a cylinder off will save even more weight and - we expect - add a growl of triple character. The new petrol engines are being ...

Harald Krueger is BMW's new CEO: musical chairs in Munich

Rated 3.5 out of 53.5

Tim Pollard, 09 December 2014 11:59

BMW today announced that Harald Krueger will be the company’s next chief executive officer, replacing Norbert Reithofer who’s been CEO since 2006. Krueger, 49, is the head of production at BMW. Reithofer is standing to succeed Joachim Milberg, 71, as chairman of BMW’s supervisory board. Although Reithofer’s contract doesn’t end until 2016, analysts have welcomed the early announcement saying it provides ...

CAR interviews Mitsubishi CEO Osamu Masuko: why the Evo’s dying

Rated 3 out of 53

Tim Pollard, 08 December 2014 12:47

Mitsubishi is killing the Evo in favour of electric cars, the new chief has confirmed to CAR magazine. In an interview with CAR, Mitsubishi chairman and CEO Osamu Masuko revealed that the legendary high-performance saloon series had come to an end. ‘There will be no more high-performance gasoline-engine Mitsubishis,’ said Masuko, who took the top job at Japan’s sixth biggest ...

How to fix a problem like VW in North America

Rated 3 out of 53

Georg Kacher, 01 December 2014 11:00

It seemed a good idea for Volkswagen at the time. Build a new factory in America, launch a dedicated new model, watch US sales soar from 270,000 to 400,000 units. But in mid-2013, the ramped-up euphoria died a sudden death as VW of North America started to lose sales and market share, a process which has continued to the present ...

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