Lotus Esprit

Why it matters: It’s a mid-engine, aluminum supercar designed to take on Ferrari and Lamborghini. Lotus’s move upmarket is a huge gamble for the brand.

Platform: A new alloy structure that shares a number of components with its somewhat less extreme sister model, the Lotus Elan.

Powertrain: Mid-engine, rear-wheel-drive platform with a V-8 engine of as-yet-undetermined origin. The V-8 is expected to make about 550 horsepower; a hybrid system should lift output to 620 horsepower.

Competition: Ferrari 458 Italia, Lamborghini Gallardo, Porsche 911 Turbo.

What might go wrong: Everything. This is Lotus, after all. Minor elements such as the source of the engine are still up in the air.

Estimated arrival and price: Lotus says the Esprit will appear in dealerships in early 2013 at a price of
about $175,000.

Lotus Elise and Exige in 2012

While little is known about the concept, AutoExpress (the UK automotive press's equivalent of a gossip rag) reckons it will sit alongside a new roadster concept and a new front-engined GT car.

Of course, it remains to be seen if there's any truth to these reports and it will likely be September before any further details are known.

Lotus is known to be focusing its energies on breaking into the cashed-up luxury performance market, with an ultimate goal of tripling sales from around 2000-2500 cars per year to 7000.

Lotus has offered little else on what we can expect to see at Paris, describing its new concept as "the future evolution of an iconic British brand".

Chevrolet is joining the electric revolution the Cruze saloon

Chevrolet is joining the electric revolution. The firm is set to introduce a fleet of demonstration electric models in South Korea, based on the Cruze saloon.

The project is due to begin by the end of October, and is a partnership between GM and electronics firm LG. Much like Audi’s A1 e-tron data gathering exercise which begins in Munich shortly, GM’s electric Cruze’s will be used to gather data about how real world users take to driving cars powered purely by electricity.

The Cruze EVs will have a 31kW/h battery pack, made by LG Chem, which allows a range of up to 100 miles. The car’s electric motor gives respectable performance, with 0-62mph taking 8.2 seconds and a top speed of 103mph.

Charging takes between 8 and 10 hours, although part of the project is to see how well a new quick charge system works when subjected to day-to-day use.

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Chevrolet Cruze starts at $16,995

The 2011 Chevrolet Cruze, the next significant salvo into the small-car segment, will arrive in September with a base price of just $16,995.

The Cruze, which rides on General Motors' global small-car underpinnings called Delta, is the company's most important small vehicle in years. It features a fuel-efficient powertrain, a relatively handsome appearance and long option list. The car ultimately replaces the Cobalt in Chevy's lineup. Production of that model ends in June. It starts at $14,990.

The base price is for the 1.8-liter Ecotec four-cylinder with a six-speed manual transmission. Electronic stability control, power windows and locks and traction control are standard. It also comes with six months of OnStar service and a three-month XM satellite radio subscription.

The LT, which upgrades to the 1.4-liter Ecotec turbo with a six-speed automatic and 16-inch wheels, is $18,895.

For the same price, buyers can also opt for the Cruze Eco model, which GM says can get up to 40 mpg on the highway. It pairs the 1.4-liter turbo engine with a six-speed manual and features 17-inch alloy wheels, low-rolling-resistance tires and an enhanced aerodynamics package.

The LTZ trim is $22,695 and adds leather, a six-way power driver's seat, Bluetooth, automatic climate control and 18-inch alloy wheels. Power is drawn from the turbo unit working in tandem with the six-speed automatic.

All prices include destination charges.

The long list of options includes a 40-gig hard drive, heated lather seats, upgraded audio and an RS appearance pack.