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Lotus scrapes together enough money to restore production
"The past four months have been really tough for us," admits Lotus CEO Dany Bahar to Autocar magazine. "We were working at a pace nobody had seen at Lotus for many years," Bahar continued, alluding to the British sports car maker's planned rollout of four models over five years that recently had recently hit the skids thanks to a 60-day financial freeze at Malaysian parent DRB-Hicom. "The shut-down, as I call it," Bahar continued, "was very hard for us," but the Lotus boss forcefully rejects media reports that his company is being shopped to potential buyers. Production at Hethel is ... Read More
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0Report: Lotus scrapes together enough money to restore production 1335557700
"The past four months have been really tough for us," admits Lotus CEO Dany Bahar to Autocar magazine. "We were working at a pace nobody had seen at Lotus for many years," Bahar continued, alluding to the British sports car maker's planned rollout of four models over five years that recently had recently hit the skids thanks to a 60-day financial freeze ...
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PG Elektrus is yet another crack at electrifying a Lotus Elise 1327417080
We have good news for you if you're missing the Tesla Roadster already. German manufacturer PG has unveiled the company's new Elektrus, a Lotus-based sports EV with some very wild styling. While the company has made a name for itself producing carbon-fiber electric bicycles, the Elektrus is its first crack at the automotive market. The Randall ...
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Confirmed: Lotus confirms in-house V8, Lego-like chassis has potential [UPDATE] 1321644600
Lotus is working overtime getting the next Esprit ready for its late-2013 production target, and that means development of everything from an in-house V8 to a slew of new chassis components are under way. Lotus officials confirmed to Autoblog that the automaker is working on its own 4.8-liter V8 that will power the mid-engine Esprit, along with the ...
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Video: Lotus teaser for Frankfurt. What the F... indeed. 1315585920
Lotus is getting ready to put on a show in Frankfurt, and the automaker has released a teaser video to provide some insight into its auto show plans. Apparently Lotus has hired a David Lynch wannabe to direct it's latest video, because we're not exactly sure what's going on here. We don't even know if Lotus knows what's happening in the video. We do know ...
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Report: NHTSA investigating Lotus Elise for oil leaks 1311600600
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 ...
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Lotus ending production of NA-spec Elise/Exige in August 1307476860
Lotus tells Autoblog that production of its North American-spec Elise and Exige models will cease in August. The lightweight track terror put the English automaker back on the map in the States in 2004, but a federal exemption for a lack of "smart" airbags on the sports cars is about to run out. The waiver ends this year, and combined with Toyota ...
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Report: Lotus to phase out Toyota-powered Elise and Exige with special Final Editions 1302981720
Lotus's supply of Toyota 2ZZ-GE engines has finally run out, meaning production of the company's highly popular Exige and Elise will come to an abrupt halt in July. To commemorate its track-day superstars' success, Lotus will send the cars off with an extremely limited number of Final Editions. With Lotus up to its axles in financial uncertainty, this ...
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Lotus Cup USA kicks off at Willow Springs 1300039380
Lotus Cup USA kicked off its 2011 season this weekend at Willow Springs Raceway in Rosamond, California. The weather was perfect for the season opener, and Jack Fried took the overall and 2-Eleven class victory in a battle that came down to the final lap of the feature race. Andy Kern took the win in the time attack event with 1:29.473 in another Lotus ...
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Lotus Elise Club Racer is stripped-out, Geneva-bound hotness 1298046600
Lotus, the automaker that defines what it means to "add lightness," has created an even more stripped-out version of its already flyweight Elise. Called the Club Racer, this lighter two-seater will make its debut at the 2011 Geneva Motor Show next month. The Elise Club Racer is a full 52 pounds lighter than the standard car, and Lotus achieved this by ...
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Pics Aplenty: Lotus releases slew of new images 1293134460
Lotus set the motoring community abuzz when it showed up at the Paris Motor Show with a slew of concept cars. These vehicles show the direction Lotus is moving, and each is a polarizing example of a future filled with heavier yet more powerful Lotus sports cars. The automaker recently brought its Elise, Esprit, Elan, and Elite concept vehicles out to ...
