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After successfully closing a deal with Volvo in 2010, China’s Geely is now securing full ownership of Lotus -- the maker of Exige, Evora, Elise and 3-Eleven. The Chinese car company will be taking a 51% stake in Lotus from Proton as well as a 49.9% stake from DRB-Hicom, Proton’s parent company in Malaysia. Based on the agreement, Geely will have full control of the British sports car company since it will be purchasing the Malaysian-based conglomerate’s entire 51% stake.
Geely, owner of Sweden’s Volvo Car Group and London Taxi Company has promised to boost Lotus’ full potentials by increasing the development of its new products and technologies. The British sports car maker, as we know, has been merely updating its older models recently.
Since 2014, Lotus Chief Executive Jean-Marc Gales has been doing the best he could to revive the company after two decades of unstable profit. Not known to many, Lotus was completely banned in the US market after failing to meet the latest safety regulations of its airbags in 2015. It was only in the previous summer that Lotus products were once again allowed to be sold in the US.Read the entire article Geely Auto to acquire full control of Lotus Cars, 49.9 percent of Proton
With that kind of wit and humour, plus his collection of Porsches, who doesn’t know of Jerry Seinfeld? Well, here is one thing you may not know - he doesn’t exclusively love only German sports cars, as he is the original owner of the mean, green 2009 Lotus Exige Sport 260. And if you are a fan of Seinfeld, you might be interested in what I am about to say. The car will go up for auction this May 27.
Not many details were posted on the listing of the Exige, not even the price. However, we know that this is probably the only Sport 260 that was ever painted in this colour - as the Kawasaki Green is a paint to sample option. One of the photos show that the car has traveled 3,988 miles since its original owner got it.
As you look at the Lotus’ VIN details, you will find that it was being sold for $62,000 in 2012 by an owner from Austin, Texas. This seller reported that this car had been previously owned by Seinfeld, as his name and signature were on the original documents that came with the vehicle as proof.Read the entire article A special Lotus Exige owned by Jerry Seinfeld is up for sale
Jean-Marc Gales, Company Chief of Lotus, previously announced that a Lotus SUV is 4-5 years away from now, same with the rest of the new range. Now a futuristic render of a Lotus SUV is in our midst, and we are hoping that the upcoming SUV will be unveiled earlier than reported.
The futuristic render of the Lotus SUV is made possible by Angelo Polo Gallardo. Despite the years it will take before the SUV will be unleashed to the public, it is still virtually impossible to predict the design of the future Lotus SUV. However it did not hinder Gallardo, who came up with his own rough sketch of the vehicle by incorporating a number of recognizable Lotus design pattern and mixed them to come up with a sporty and compact SUV that is noticeably smaller in size compared to the Audi Q2. It is also said to be sold as a 3 door SUV. B
ut beyond its windshield and side windows that are painted over, the alleged Lotus "Evolve" will sport a more aggressive shape that will be angled sharply towards a lower front end. Distinctive lines found on the doors extend up from above the front wheel arches passing the small side windows and over to the B-pillars. Other elements that are discussion-worthy are the designs of its angular headlights and taillights, its big wheel, and its distinct green and yellow pain finish.Read the entire article Futuristic render of upcoming Lotus SUV has been revealed and it looks good
The British automaker Lotus is noted for releasing low production, limited editions of its sports car lineage. Now the Hethel-based automobile manufacturer is back at it again with its latest special edition vehicle christened the "Exige Cup 380"- proclaimed to be the most track-focused sports car that is now legal to roam the streets.
Lotus has found a solution to make an Exige a slicker sports car. The newest Exige version utilizes the same mechanical features of its predecessor, the Exige Sport 380, but it boasts one factor that puts it a notch above its big brother- you can attach a plate number on it. Lotus specifically made a new sports car that consumers can take to the track, set personal speed records there, and then drive home. You won’t be needing a loyal vehicle hauler; this sports car can easily become your ultimate weekend buddy.
Akin to the Race 380 and Sports 380 units, power is delivered via the 3.5 L supercharged V6 that specifically yields an impressive 375 hP (280 kW) and 302 lb-ft of torque (419 Newton-meters), driving the rear wheels via a 6 speed manual transaxle that is impelled by an aesthetically detailed exposed shifter mechanism. The new Cup 380 can accelerate to 60 miles per hour (97 kilometer per hour) in only 3.4 seconds - a tenth of a second faster than the Sport 380, but 2 tenths slower compared to the Race 380.Read the entire article Road-legal Lotus Exige Cup 380 promises to amaze you on track
From 1972 to 1986, Team Lotus’ Formula One cars were wrapped in its now famous black and gold livery. Now, Lotus is honoring this iconic livery and the race cars that wore it by making it available with the latest version of its United States-bound sports car.
Dubbed as the Lotus Evora Sport 410 GP Edition, this exclusive version of the Lotus Evora Sport 410 celebrates the successful return of Lotus to North America. It is basically the Lotus Evora Sport 410 featured in the new GP Edition color scheme. This famous black and gold color scheme was worn by Lotus F1 cars that grabbed five Drivers’ and Constructors’ championships and 35 Grand Prix. Legendary drivers who had piloted these black-and-gold Lotus F1 cars included Ayrton Senna, Emerson Fittipaldi, Mario Andretti, Nigel Mansell and Ronnie Peterson.
Now only five customers will have a chance to own the exclusive run of five Evora Sport 410 GP Edition models. Of course, the base Evora Sport 410 is also an exclusive model by itself, with only 150 examples to be built every year. The new Evora Sport 410 GP Edition was developed by Lotus Exclusive, a program that allows customers to suit the character of their Lotus cars with a wide array of options.Read the entire article Lotus creates Evora Sport 410 GP Edition for North American customers
The Sprint makes a comeback and is more featherweight than ever. Well, that’s because the Norfolk engineers apparently have thought of a better idea. Due to its relentless desire to lose more weight, the new Lotus Elise Sprint had taken massive amounts of carbon fiber diet.
Shedding at least ninety pounds (or equivalent to 41 kilograms), the Sprint turned out to be the most impressive of the three Elise line-up---- with a total dry weight of only 1,759 pounds. That’s 798 kilograms to be exact. Very light indeed.
To achieve this 41kg weight loss, the new Elise Sprint has undergone quite a serious makeover. Case in point; the sports car now comes with a new lithium ion battery that weighs 9kg lighter. Also, there is the new set of lightweight forged alloy wheels weighing 5kg less. To save as much as 6kg at once, the rear screen is made with polycarbonate material while the door panels, hood, roll hoop cover and seats are all made with carbon fiber.Read the entire article 2017 Lotus Elise Sprint special edition is 41 kg lighter
British carmaker Lotus Cars has been in the red since the 1970s, but it has somehow managed to keep itself alive. This financial bleeding, of course, has been a source of frustrations at Lotus, which has been looking to plug its losses through a number of means. Now, it seems that it would be able to post its first operating profit since around 40 years ago.
According to the chief executive of Norfolk, United Kingdom-based Group Lotus plc, Jean-Marc Gales, the company is on track to stop its four decade-long string of operational losses. Gales was tapped as CEO in 2014 and was in charge of implementing a drastic turnaround plan that entailed massive reduction of its workforce. In fact, when Gales took the driver’s seat at Lotus in 2014 – he was with the French carmakers Peugeot and Citroen before that – the carmaker had 1,200 employees.
He noted at the time that these 1,200 workers were building fewer than 1,400 cars. He had said that if Lotus sells 1,200 cars, it can’t employ the same number of workers. Gales’ turnaround plan saw 400 workers made redundant from the company, and now Lotus’ workforce is at 800-employee strong. However, he noted that these 800 workers are now producing annually over 2,000 cars, all of which are of higher quality than the carmaker’s previous models.Read the entire article Lotus Cars posts first operational profit in four decades in fiscal year ending March 2017
For those who believe that the Exige Sport 350 is still not that extreme, then be prepared to look at what Lotus has done. Dubbed as the Lotus Exige Sport 380, this is a version of the Sport 350 that is more focused, delivers more power, and lighter.
Starting with the weight, the Sport 380 is lighter compared to the Sport 350 by 57.9 lbs. (26.3 kg) having an overall weight of 2,447 lbs. (1,110 kg). This is the result of a number of changes like putting in a lithium ion battery that is lighter by as much as 22.7 lbs. (10.3 kg). Other changes may appear to be small but impact the total weight like fitting in a fascia panel in the rear that reduces the weight by 0.66 lbs. (0.3 kg).
In addition to these improvements, Lotus is offering the option to have the exhaust in titanium and the tailgate and roof panel made of carbon fiber. With this, the curb weight of the Sport 380 is lowered by an additional 22 lbs. (10 kg). Now by reducing the weight, this allowed the brand to give the model a center of gravity that is lower compared to the Sport 350. This also enabled the handling to be modified and improved.Read the entire article 2017 Lotus Exige Sport 380 is quickest, lightest and most powerful Exige ever built
Meet the quickest series production car from Lotus – the new Lotus 3-Eleven. As recorded by highly respected German car magazine “sport auto,” Lotus 3-Eleven completed the Hockenheimring short Circuit in just one minute and 6.2 seconds.
Driven by race driver Christian Gebhardt who is also Road Test Editor for “sport auto,” the Lotus 3-Eleven was riding on standard road tires during a less than perfect weather as temperatures soared no higher than 8 degrees Celsius.
At a lap time of one minute and 6.2 seconds, the Lotus 3-Eleven is now the fastest among extreme and ultra-expensive vehicles included in the “sport auto” lap-time chart. The list now puts the Porsche 918 Spyder at second with a lap time of 1 minute and 6.3 seconds, followed by the Gumpert Apollo at 1 minute and 7.2 seconds.Read the entire article Lotus 3-Eleven is the fastest car on Hockenheimring short Circuit
Lotus Cars always has something up its sleeve. This time, they decided to improve the already spectacular Evora, putting in more power and lessening the weight, to come up with an even more sensational Lotus Evora Sport 410. This comes even as car enthusiasts are still reeling from the recently announced new models Elise Cup 250 and the Exige Sport 350.
Engineers at the famous Lotus Lightweight Laboratory must have had put enormously effort in successfully pulling off an seemingly impossible feat – taking off a massive 70kg from the Evora model to come up with the new Lotus Evora Sport 410.
In the lighter car, high performance carbon fibre components had to be standard. When combined with the 410 HP supercharged engine with the track-bred 3-Eleven, the Lotus Evora Sport 410 eats up the road faster than its predecessor, a mere 3.9 seconds to reach 0-60 mph and an amazing 186 mph top speed.Read the entire article New Lotus Evora Sport 410 is lighter, more powerful, and faster
The first SUV of British sports car maker Lotus will be built in China and will be exported to Europe and maybe even the United States. This SUV, which is planned to be launched in 2019, will go up against cars like the Porsche Macan, according to Lotus CEO Jean-Marc Gales in an interview with Automotive News Europe.
On April 17, Lotus parent company Proton Holdings, which is owned by Malaysia’s DRB-Hicom Group, said that a joint venture deal had been entered with Chinese company Goldstar Heavy Industrial to build Lotus cars in the Fujian province. Within the next 12 months, Lotus will assemble a prototype of the SUV to help the joint venture to acquire a license to produce cars in China.
Gales said that this new car will be built in line with Lotus’ tradition of making cars that are dynamic, lightweight, and competent. He added that while SUVs are big and heavy, Lotus will build a lighter and faster car. Lotus will build this SUV on a platform formed with Proton with a combination of steel and aluminum.Read the entire article Lotus plans to build lightweight SUVs in China by 2019
Lotus Cars CEO Jean-Marc Gales is confident that the automaker will make a profit once again by 2017 after having lost money for years. Gales, who used to be an executive of PSA/Peugeot-Citroen and Daimler, has undertaken measures to reduce costs while improving the product lineup since he started overseeing Lotus in May 2014.
However, Gales said that the automaker won’t launch all-new cars until its new China-assembled SUV is released in 2018/19 as he puts the focus on increasing sales and cashflow. He added that in the short term, Lotus will raise sales by modifying the existing three-car lineup.
An automatic transmission has been added to its track-focused Exige two-seater, which is on track to overtaking the entry-level Elise as Lotus’ top-selling model. Gales anticipates that Exige models with automatic transmission will make up 40% of sales.Read the entire article Lotus CEO Jean-Marc Gales expects to be profitable by 2017
Lotus ended the 2014/15 financial year with a 55% increase in its sports car sales worldwide with a sales volume of 2015 units. In comparison, it sold 1,296 units in 2013/14. This would be Lotus’ best year since the financial year 2008/09. Japan is still Lotus’ biggest export market with a 103% increase. However, Lotus did really well in the other key global markets.
In China, it posted a 186% climb. In France, it had a 177% increase and in Germany, it grew by 130%. In the UK, Lotus sold 346 units, signifying a 102% increase. The automaker recorded a 24% increase in the U.S. where it offers the Evora range as a road car and where the Elise and Exige lineups are only used on the track.
The top-performing range is that of Elise, with an 80% hike in volume to 729 units. The brand sold 724 cars in the Exige S range, a 52% rise. Meanwhile, Evora sales went up 35% with 562 units sold.Read the entire article Lotus’ worldwide sales up 55% for 2014/2015 financial year
While carmakers are racing to add more gadgets into their vehicle offerings, Group Lotus is removing them, so says its chief executive Jean-Marc Gales. He told Reuters in an interview that the carmaker’s customers have no intention to let go of the wheel. Gales noted that while Lotus’ analogue models like the Evora flagship may eventually be equipped more digital controls, electronics and software, the priority is a return to the lean essentials -- which means getting rid of unnecessary gadgets.
"We had an electronically opening glove box, which in a sports car is worse than useless," he remarked at the Geneva auto show, adding that he took it out. While Lotus is resisting adding more gadgets to its models, it found hard to resist other trends. For instance, the next Lotus vehicle could be a crossover SUV, Gales remarked.
Lotus has been known for its aluminum chassis technology that results to stronger yet lighter material. Lotus is also known for its VH architecture used by a generation of Aston Martins.Read the entire article Group Lotus CEO preferring an SUV as its next vehicle
Ladies and gentlemen, this is the Lotus Evora 400, company’s fastest and more powerful vehicle ever produced. Set to debut at the 2015 Geneva Motor Show, the vehicle arrives with an updated design that underlines the power delivered by the V6 engine. As you can see, there is a new front bumper that features larger air intakes, new LED daytime running lights, restyled mirrors, a new rear air diffuser with integrated central exhaust tailpipe, but also a new rear spoiler.
Furthermore, there is a new set of lightweight forged aluminum wheels (19-inch front / 20-inch rear) wrapped with Michelin Pilot Super Sport tires. The interior was updated too and shows a new dash, redesigned centre console and new instrument cluster, as well as new front seats and a forged magnesium steering wheel.
Under the hood, there is a 3.5-liter V6 petrol engine delivering 400 hp (298 kW) and 410 Nm (302 lb-ft) of torque. The engine is bolted to a six-speed manual transmission as standard, but as an option Lotus offers a six-speed automatic gearbox.Read the entire article 2015 Lotus Evora 400 is official ahead of Geneva Motor Show
If you don’t enjoy the feeling of a manual gearbox you will be happy to know that Lotus will expand ids product range and will offer a 6-speed automatic transmission on the Exige S. Set to go on sale in January 2015, the Lotus Exige S Automatic is currently in the final stages of testing and promises a sprint from 0 to 100 km/h (62 mph) in 3.9 seconds, which is 0.1 seconds quicker than the Exige S manual.
Regarding the price, Exige S and Exige S Roadster models will offer the automatic transmission for an extra 2,000 GBP in the UK and 2,185 euros in Europe, excluding local taxes.
Jean-Marc Gales, Chief Executive Officer, Group Lotus plc said, “By introducing a paddle-shift, we have expanded the Exige product range to make it more accessible to customers worldwide. Now, customers who are more accustomed to two pedals and automatic transmissions can enjoy the unbelievable performance and handling of the Exige S without compromise.” [source: Lotus]Read the entire article Lotus Exige S gets an automatic transmission, goes on sale in early 2015
Although things were not looking too good after its CEO Dany Bahar was fired and replaced by Aslam Farokullah, Lotus sales seem to be quite impressive. In fact, for the months of July, August and September 2014, Lotus sales increased 60 percent over the same period last year. Although it sold 609 cars, which is a very small number for other big sport cars manufacturers, Lotus said that it had the best figure since 2007/08.
In the first six months of the year, Lotus managed to sell 1,114 cars, which is an improvement if we take a look at the 746 vehicles sold in the first six months of the last financial year. The 49% increase is the best half year since 2008/09. Lotus said that the most popular model was the Exige, which accounted for 39% sales and advanced orders and the model is closely followed by the Elise and Evora.
The best market for Lotus is Japan, followed by UK, USA, Germany and France. Still, the highest growth in sales was seen in Japan, followed by Germany and France.Read the entire article Lotus reports best half year sales since 2008
Group Lotus Plc may cut its 1,215-strong workforce by 27 percent to slash costs. This means that the carmaker may permanently send home up to 325 employees when it starts its restructuring. The carmaker said that compulsory job reductions might be needed.
Lotus chief executive Jean-Marc Gales said in a statement that the carmaker has worked hard to avoid the need to make the job reduction proposal, but it now believes that such move is essential.
He remarked that once the job cuts are implemented, Lotus should be a “leaner, more competitive organization” that focuses on both building class-leading sports cars and innovative engineering.Read the entire article Lotus may reduce workforce by up to 325 on restructuring
Lotus has completed track-testing of the road-going version of its highly successful Elise S Cup R race car. The Lotus Test and Development team has been placing the Elise S Cup under assessment at its own test track and the famous ‘ring’ – thereby ensuring the road-legal variant of this highly regarded race model still carries on the race car pedigree of the original.
The result is road-focus Elise with a touch of motorsport. To further make sure that the version still looks up to the original, the Elise S Cup was endowed with the same unmistakable and distinct aerodynamics as the ‘R’ version, resulting to a significantly improved dynamic performance over the standard Elise S. It boasts of an ‘R’ inspired aero package that features front splitter and winglets, barge boards, rear diffuser and rear wing.
It also features a fixed roof that creates 66kg of downforce at 100 mph and an incredible 125kg of downforce at top speed – allowing the Elise S Cup to generate downforce enough to beat the Elise S by 3 seconds in the Lotus test track.Read the entire article 2015 Lotus Elise S Cup unveiled
Lotus has tapped Kia's former European markets expert to develop its sales network in France, Italy, Spain and Portugal. In a statement, Lotus chief executive Jean Marc Gales said that Jean-Charles Lievens will help the sports car maker to increase its presence in southern Europe where there is a high demand for its offerings.
Lievens was named an Automotive News Europe Eurostar in 2005 for what he did in restructuring Kia’s dealer network, which had helped boost the South Korean carmaker’s sales in Europe. Lotus said in a statement that Lievens' mission is to strengthen its dealer’s network with “qualified and professional partners” to optimize and increase the presence of the brand in southern Europe.
Lievens started his auto career as a sales executive with General Motors in France. After 17 years, Livens shifted to Volkswagen in France before being tapped by Toyota Europe as its commercial director in 1998.Read the entire article Lotus taps Jean-Charles Lievens to develop network in South Europe
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