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Posts Tagged ‘Lotus’

Lotus Likely to End US Sales of Evora in December

Maker suffers second setback due to airbag issue

by on Sep.23, 2014

Lotus is likely to end U.S. sales of its street-legal Evora coupe after 2014.

The struggles of legendary sports car manufacturer Lotus don’t appear to be ending any time soon as it appears the company will end sales of its only street-legal car in the U.S., the Evora, at the end of the year.

The news follows last week’s announcement the automaker is considering terminating 25% of its workforce around the world. The company, which makes the Elise, Evora and Exige sports cars, is launching a 45-day “consultation process.”

Stay on the Fast Track!

However, the company’s financial difficulties may have trickled down to impact the company’s ability to sell vehicles in the U.S., well, at least ones that you can drive to the corner store for a gallon of milk. (more…)

Lotus Mulls Cutting a Quarter of its Workforce

Maker enters 45-day consultation period to develop a plan.

by on Sep.18, 2014

The Lotus Evora 4414 plug-in got the nod of approval from the auto engineering world, but that wasn't enough to keep it from financial issues.

Just four years ago, the future for Lotus appeared bright with plans for a burgeoning product portfolio bolstered by enthusiastic management; however, those efforts appear to have failed as the company plans to cut as much as a quarter of its workforce.

The company announced plans today to reorganize the company and terminate as many as 325 of its 1,215 employees worldwide. Part of the restructuring will see the company trying to do more with less as a result of the job losses.

Your Inside Source!

“We understand the concerns that this proposal will create,” said Jean-Marc Gales, chief executive officer of Group Lotus, in a statement. “We deeply regret the potential impact any reshaping of the business may have on our employees and their families. (more…)

Shake-Up at Lotus

CEO Dany Bahar ousted over alleged misconduct.

by on May.29, 2012

Lotus's now suspended CEO Dany Bahar.

Lotus CEO Dany Bahar has been ousted due to alleged irregularities connected to a lavish expense account that he reportedly used, among other things, to bill two homes in Norwich, UK to the sports carmaker.

The oft-controversial Turkish-Swiss Bahar is the man behind an aggressive product development program intended to transform Lotus into a major player in the global exotic car market.  It’s unclear what his suspension will mean to that effort.

In the Know!

Lotus has confirmed that, Bahar was “temporarily suspended from his role, to facilitate an investigation into a complaint about his conduct.”

The Swiss-born executive was reportedly playing fast and loose with his expenses, according to reports in the British press.  Bahar was already involved in a legal dispute involving one of the two Norwich homes.

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First Look: Lotus City Car

Design could incorporate hybrid, plug-in or battery drive.

by on Dec.20, 2010

Lotus plans to launch this city car by late 2013.

Lotus is the latest automaker hoping to convince buyers that small doesn’t have to mean cheap, as it releases the first images of a proposed city car that could hit market by late 2013.

As urban streets get more crowded and regulators press for big increases in fuel efficiency, even the most high-line automakers are looking for downsized alternatives, and the as yet-unnamed Lotus city car, which was first discussed by CEO Dany Bahar in Britain’s Car magazine, is one approach.

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Looking a bit like a modernized, four-door take on the Smart fortwo, the tall Lotus three-door uses a platform specifically designed for an extended-range electric driveline.  A 1.2-liter three-cylinder engine would most likely serve as a generator which, in turn, provides current to the vehicle’s electric motors.

It’s unclear whether Lotus might try to offer other driveline options, such as a pure battery-electric model, or a more conventional hybrid.  Bahar did note that several versions will be developed, including a sporty model.  Battery power actually lends itself to performance, as electric motors generate maximum torque as soon as they start spinning.

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Lotus Drops 5-Car Surprise At Paris Preview

British maker’s grand transformation includes sedan, hybrid – and lightweight sports cars.

by on Oct.01, 2010

The Lotus Elite is one of five new models coming from the British maker over the next few years.

The long-struggling British sports car maker, Lotus, gave us a wee tease of what they had in mind for the Paris Motor Show, some weeks back, when they released some tantalizing shots of the Elite concept vehicle.

Little did we – or, apparently, anyone else – suspect the much bigger news that would emerge at the Mondial de l’Automobile, a roll-out of five new concept vehicles intended to put in motion a grand reinvention of the Lotus brand.

The first model we got a glimpse of was the Lotus Elite (Click Here for the full story).  Set to go into production in April 2013, according to CEO Dany Bahar, the 2+2 will make elegant use of the new relationship between Lotus and Toyota Motor Co.  The Japanese giant has agreed to provide the muscle to move the Lotus brand from niche to mainstream, quite literally.

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Live From Paris!

For the Elite Concept, that means a mid-mounted V8 that drives a high-performance hybrid driveline – putting Lotus in line with all the other sporty and high-line brands that have come to Paris with electrified sports cars.  A “perfect contradiction,” suggests Bahar of the idea of putting the promisingly green technology into a high-performance model like Elite.

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Your Own Lotus Formula One Car?

British maker will put you in one for $1 million.

by on Aug.17, 2010

For a cool $1 million you can own your own Lotus Formula One car.

Let’s be absolutely honest, how many of us haven’t fantasized what it would be like to trade in our mundane sedan or SUV for a slick little Formula One race car, skip the morning commute in favor of a couple hundred lightning-fast laps on the track?

Now, says, Lotus, you can do that…all you have to do is come up with a cool million dollars cash for the British firm’s new Lotus 125.

Think of it as “the ultimate Formula One fantasy car,” suggests Chris Arnold, the commercial director for Lotus Motor Sports.

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An Adrenaline Rush!

The Lotus 125 really is about as close as a “civilian” might get to lining up on the grid alongside a Michael Schumacher, says Arnold, “while still being customer friendly.  A Formula One car can require a team of as many as 80 people to keep it running,” he notes, but Lotus is aiming for something you could pretty much handle on your own.

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