Lotus originally developed the Evora GTE for the Le Mans circuit but had hinted it might do a version for the street.
This story has been updated to reflect the latest development involving the Lotus advisory board.
For long-time Lotus fans it seemed too good to be true: the British maker promising to turn out a whopping five new cars in a five-year burst of activity unlike any period in its long but oft-troubled history.
Well, indeed, it was too good to be true. After discharging Chief Executive Dany Bahar, the automaker’s parent, DRB-Hicom Bhd, has scrapped that ambitious plan and is aiming at what several observers are referring to as a “much more realistic,” meaning downsized, product roll-out.
Meanwhile, former General Motors car czar Bob Lutz confirmed he and the rest of the Lotus advisory board have been terminated as part of the maker’s cost-cutting efforts.
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Could Lotus be leaning out its product plans to make the company seem more appealing for a buyer? That’s one possibility, industry sources suggest, new reports surfacing that suggest Germany’s Volkswagen AG might be interested in buying both the Lotus Group but also Hicom’s Malaysian-based Proton.
“In this day and age, with the cost of developing a new vehicle, building the tools and homologating a sports car,” said analyst Joe Phillippi, of AutoTrends Consulting, the Lotus plan to turn out five new product seemed “overly ambitious.”