Report: Lotus unable to secure local government money
by Chris Shunk (RSS feed) on Apr 14th, 2011 at 7:39PM
Lotus Esprit Concept – Click above for high-res image gallery When Lotus ushered out a plethora of new concept vehicles at the 2010 Paris Motor Show, we were more than a bit surprised. Sure, many of the designs had no chance of making it to production, but even a new Elan or Esprit would cost the boutique automaker millions to build – money Lotus simply doesn't have. Auto Express reports that the English Department for Business, Innovation and Skills (BIS) has turned down the automaker's application for a £27.5 million loan ($50 million U.S.). The money was reportedly... Read More
