By Edward Niedermeyer on July 30, 2008

Let\'s just hope the looks improve.Autocar UK reports that Fiat's performance brand Abarth is developing a mid-engined sports car. The restyled next gen Lotus Elise will feature a next gen Fiat turbo-charged, direct-injection, air-valve four-cylinder engine with 240hp. So, where are we? Lotus makes several Elise variants, from the Exige (racer) to the Europa (chiropractor's best friend). The Elise also underpins Rinnspeed's sQuba, Tesla's Roadster and Vauxhall/Opel's VX220/Speedster. Meanwhile, Lotus is delaying the release of a new Esprit. Does this mean Hethel's shortchanging its own models to work on its 340 development projects for 147 clients? Hey, you can't argue with $4m profit– especially after years of losses. And with a zingy Italian engine, the Elise-based sportster could ascend from the perfect to the sublime. You know; if you can get in.

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