DRB-Hicom CEO Aslam Farikullah revealed near term plans for Lotus and reiterates DRB-Hicom commitment to British brand.

Renault-Nissan CEO Carlos Ghosn reports that European auto sales will be heading for a massive 8 percent drop in sales by the end of 2012.

Ed Whitacre's op-ed piece in WSJ urges the Treasury to sell its GM shares.

Tougher regulation of financial institutions and higher capital ratios at banks are necessary in the aftermath of the global financial crisis, the head of Goldman Sachs (GS.N) on Wednesday, even as he acknowledged that such safeguards carried some costs.

"[The SRT Viper] is the kind of car you don't have to drive 9/10ths to fall in love with it -- I'm driving at 3/10ths here and I'm falling in love with it."

Responding to the stricter CAFE standard, Fiat/Chrysler CEO Sergio Marchionne forebodes that V8 engines will be "as rare as white flies."

AstraZeneca Plc has poached Pascal Soriot from rival Roche Holding AG to be its new chief executive, hoping his experience with biotech drugs and dealmaking can revive a company battered by clinical trial failures and patent expiries.

Lotus has placed an ad to sell the bespoke 2002 Lotus Esprit V8 that once belonged to the impeached CEO.

Volvo is looking into a compact city hatch that will fall squarely against the MINI Cooper and Audi A1

Ferrari has no intentions of switching to full carbon fiber products anytime soon. According to Ferrari CEO Amedeo Felisa, carbon fiber technology won't be where the automaker needs it to be until 2020.

Think the plug-in hybrid/electric vehicle industry is all about flowers, rainbows, and friendship? Think again -- the EV automakers are at each other's throats.

Fisker Automotive Inc. has announced that the electric car-maker has hired Tony Posawatz as the new CEO to lead the company. Tony Posawatz replaces CEO Tom LaSorda.

What's usually a good sign that a stock is worth investing? When the CEO of the company is betting his own money on the company's success.

Dany Bahar counters, taking Lotus to London court. Bahar denies any use of company money for personal gain.

During an Italian-U.S. relations conference in Venice on Friday, Sergio Marchionne shared his thoughts of the sovereign debt crisis in Europe: "We keep on hearing drastic changes. I think someone had better do something before we get to the point of no return."

Last Monday, Lotus CEO Dany Bahar was suspended upon an investigation following reports against his business conduct. Delivering swift justice, parent company DRB-Hicom has officially announced today that Dany is terminated from the company.

Elon Musk expects a rapid climb in sales growth to more than 20,000 Tesla vehicle sales for 2013.

Parent company DRB-Hicom announced the suspension of Lotus CEO Dany Bahar upon an investigation following an undisclosed complaint against his conduct.

Toyota Racing USA shared a new video featuring Toyota CEO Akio Toyoda behind the wheel of the new 2013 NASCAR Camry. Traveling at speed around the legendary Daytona race track, Toyoda is accompanied by Joe Biggs Racing's #18 Mars, Inc./Interstate Batteries Toyota Camry driver Kyle Busch in the passenger seat.