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New Lotus owners ditch ambitious five-year plan

This didn't take long. The new overlords at Lotus have reportedly scrapped the company's five-year plan. DRB-Hicom ditched the turnaround strategy, penned by ousted CEO Danny Bahar, because it believes the market viewed the plan as overly ambitious.
The new product plan will slim the number of new model lines from five to three, and Lotus will likely slash the number planned consultants in favor of relying more heavily on in-house talent. According to The Star, the move should help expedite product development and save cash at the same time.
Even so, nothing is written in stone as of yet. DRB-Hicom says the new plan will take up to a year to finalize. The company has dumped around $242 million into Lotus so far this year, and the struggling automaker may require another $121 million by 2013. Lotus all but stopped production earlier this year during a loan freeze, but the lights came back on in April. The company now produces around 44 vehicles per week.

Top Gear caught filming Best of British near Buckingham Palace

YouTuber and car-fan extraordinaire Shmee probably had very little trouble tracking down the Top Gear film crew recently, as the group was putting together an episode that could accurately be described as "excessive." With its flag-waving (literally) Best of British theme, the TG guys gathered a jaw-dropping array of British cars, and parked them all right in front of Buckingham Palace to make extra sure that the point was driven home.
Top Gear hosts Jeremy Clarkson, Richard Hammond and James May were outfitted with a trio of Jaguar F-Types festooned with gigantic Union Jacks, with which to survey the landscape of British motoring glory. In the video below, you'll see that this includes any number of Mini, Aston Martin, Lotus, McLaren, Land Rover, Bentley and Rolls-Royce models (just to name a few), as well as a healthy dose of weird stuff that most people would never guess at being built in the UK. The lawnmowers and military vehicles are especially cool.

NHTSA investigating Lotus Elise for oil leaks

The National Highway Traffic Safety Administration has received 17 complaints about an errant oil line in the Lotus Elise, and thus, has opened an investigation. The issue concerns the line on the front right cooler, which, having got loose, sprays oil either on the wheel or inside the engine bay.
This investigation pertains to around 4,400 of the little track-day wonders sold in the 2005 and 2006 model years. There have been no injuries, but one car did leave the road and catch on fire. A NHTSA investigation doesn't mean a full recall has been issued, just that your friends in the fed are looking into the matter.