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Lotus has announced that Mike Kimberley will step down as the company's chief executive on July 17 due to health problems. Kimberly, who will turn 71 this August, has been enduring back problems for some time and has been advised by doctors to retire in order to maintain his long-term health. In an official statement, Kimberley announced:

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Lotus may already have one of the greenest line of vehicles, with both the Elise and Exige easily reaching into the 30-mpg range when driven with restraint, but Mike Kimberley wants Lotus to be pioneers of green engineering.

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In an interview with EVO, Lotus CEO Mike Kimberley let it fly that two new projects are on their way, and the financial woes that have troubled the niche automaker are finally beginning to dissolve.

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Lotus announced today that it plans to introduce three new cars in the next few years. Right now, the Lotus range consists of the Elise, Exige, and Europa S. As most of you know by now, North America won't see the Europa.

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The new CEO of Lotus Cars, Mike Kimberley, has ambitious plans for the British marque, including doubling production in the next five years.

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Kim Ogaard-Nielsen is now the former Chief Executive Officer of Group Lotus Plc, with Lotus veteran Mike Kimberley (right) named as Acting CEO, effective Thursday.

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