On the other hand, the Esprit'sproduction is contingent on the profitability of the Evora and a likely external funding. In spite of this fact, Lotus engineers are still targeting a 2012 introduction schedule.
The model will be a longer, wider variant of the new Evora with a V8 powerplant mounted in the middle. Also planned for 2012 is an Evora Convertible, which will be a two-seater and may come with a different badge when it hits the market.
It is known that the engineering and production systems of Lotus are flexible enough to permit a late decision in the order in which the Esprit or Evora Convertible reaches dealership.
If the financial climate changes for the better and the demand for supercars gains momentum, Lotus is anticipated to introduce the Esprit in advance of the Evora soft-top. However, if the market remains the same, the Evora Convertible will see introduction ahead of the Esprit.
Lotus intends to boost production to 8000 units annually by 2011, double to its current figure, but the credit crunch is most likely going to be a big obstacle to such intentions.
Sources inside the company are currently forecasting between 4,000 to 5,000 Lotus models annually by 2011 and 2012, while many of its manufacturing contracts have been frozen due to the economic downturn.
For instance, a joint-venture with Abarth on a sports car, which is an Evora instead of an Elise version, has frozen and the Europa-based Dodge Circuit EV has been shelved. But there are other ongoing negotiations being done with European OEMs and Lotus is looking forward to another EV program like the Tesla.
The iconic Lotus Esprit has been reincarnated and reinvented to become the ultimate Lotus that embodies the very heart of exclusive supercar driving. Picking up from where its predecessors left off, the latest resurrection of the Lotus Esprit aims to provide a statement of supremacy. In a sense, the Lotus Esprit serves as a personal statement of Lotus CEO Dany Bahar's intent and vision for the future of the carmaker.
Group Lotus CEO Dany Bahar called Lotus Esprit as the ultimate supercar. While in the past, people connected the Esprit to famous films like James Bond, Pretty Woman and Basic Instinct, the latest version of the car is now the star of the show. He admitted that a lot of care was made when reinventing an iconic classic car like the Lotus Esprit since everyone has an opinion on how it should be reinvented.
To ensure that the newest car does justice for the Lotus brand and the Esprit name, they decided to create a fine balance between recognizing the greatness of the past while rapidly leaping to the future. Bahar remarked that Lotus managed to achieve this balance to create a new icon that is hard to resist. He quipped that the Lotus Esprit is incredible in both its looks and performance.
He disclosed that to ensure that the Esprit remains on top of the game, Lotus combined its core values of performance through lightweight with future technologies and innovative engineering and gave the car an aggressive design with low and wide proportions.
Its lightweight nature is pushed to the limit by 620 PS of pure power from a 5.0 liter pressure-charged V8 engine. Aside from its extreme performance, the new Lotus Esprit is also a reinvention of exceptional ride, handling, comfort and exclusivity. Its extraordinary performance is underscored by strong lines darting through its sleek low body. Moreover, the mass and proportion of the Lotus Esprit are in great symmetry, giving the car an intense appearance when on the road.