With news that Lotus won’t be selling any 2015 model year cars in the United States, minuscule sales in their home market of the UK, and announcement of the impending layoff of about a quarter of the firm’s global workforce, many observers think that the company Colin Chapman founded 62 years ago is circling the drain. While there are certainly dark clouds in Lotus’ financial picture, having booked about $447 million in loses over the previous two fiscal years, there is some silver lining some of those clouds. Worldwide Lotus car sales are up dramatically. (Read More…)
Reports of the demise of Lotus in America have been greatly exaggerated. Lotus will revive the Evora for a 2016 model year run, complete with up-to-spec airbags, while dealers will be held over by whatever remaining inventory is left from the 2014 model year (or earlier).
Brits love British cars. Even if the vast majority of traditionally British brands are now foreign-owned – Tata runs Jaguar and Land Rover, for example, and Rolls-Royce and Bentley belong to BMW and Volkswagen, respectively – the loyalty carved out by these famous automakers is tangible.
Lotus’s forthcoming departure from the American market is of little surprise to enthusiasts familiar with the company’s situation. Malaysia’s Proton owns the company, but unlike the aforementioned British brands, Lotus has not held on to any meaningful trace of the UK car market. (Read More…)
Back in 2013, Jack Baruth conducted a road test of the Lotus Evora IPS (that’s Lotus speak for automatic), comparing it to the standard bearer of 2+2 sports cars, the Porsche 911. Much to the consternation of the Porsche PR department, Baruth’s verdict was in favor of the Evora:
Even with a less-than-perfect automatic, the Lotus still wins. The 911 PDK is a great two-pedal car, but the Evora IPS is simply a great car, with or without a third pedal.
The Evora died an ignominious death at the hands of regulatory and market forces. Sports cars have never been quicker, more efficient, more reliable or easier to own and operate. The Lotus Evora is a casualty of such progress.
As of 2015, Lotus will no longer sell road cars in the United States, as sales of the Evora sports car come to an end.
TTAC contributor Abraham Drimmer has a fine piece over at Road & Track about his favorite cars that resulted from collaborations between Lotus and other, usually much larger, automobile manufacturers. Each of Abe’s five choices are worthy of note in their own way: the Isuzu Impulse, the C4 Corvette ZR-1, the Lotus Sunbeam, the Lotus Carlton, and the DeLorean DMC-12, but Mr. Drimmer is a relative youngun, so I wasn’t surprised that left off of his R&T list was the original ‘tuned by Lotus but sold by another company’ car. It’s the Lotus tuned car that Lotus purists are most likely consider to be a genuine Lotus and not an Isuzu, Chevy, Chrysler, Vauxhall or DeLorean. In some cases it fetches prices north of its contemporary Elans. It has a pedigree that includes some of the greatest luminaries of British motordom and it helped to establish the foundation of a relationship that would eventually revolutionize motorsports. According to Lotus’ factory nomenclature, it’s a Type 28, according to the sales brochures it was the Ford Cortina Lotus and according to just about everybody else who knows about it, it’s called the Lotus Cortina. (Read More…)
With the demise of the Lotus Elise and Exige, the lineup is looking pretty barren these days. Only the Evora exists for those looking to simplify and add lightness. The Los Angeles Auto Show saw the introduction of the formerly-forbidden Exige V6 Cup, but unlike our world market friends, this one is not street legal.
Michael Banovsky of RM Auctions has been on a MK1 Lotus Elise kick. And why not? Canada’s more relaxed importation laws mean that owning a MK1 is a legal proposition, and the lucky guy has got the resources of one of the world’s best auction houses at his disposal.
Elon Musk, the real-life Tony Stark of our times, has quite the extensive résumé: Founder of PayPal, SpaceX, and Tesla Motors; billionaire investor of projects and businesses such as SolarCity and the preservation of Nikola Tesla’s lab; inventor of the Hyperloop rapid mass transit concept; 007 cosplayer…
Yes, you read that right: Musk is a huge fan of the man who loves his martinis shaken and his women to have double entendre naming schemes. So much so, in fact, that he now has one of Bond’s most awesome vehicles ever conceived.
I still remember the day my parents bought me a copy of the iconic Justification for Higher Education poster. I had been nagging them for a while, and when I finally got the poster, it took immediate pride of place in my childhood bedroom. Having matured, I recognize now that the imagery depicts a lifestyle unlikely to be the preserve of the highly educated, but instead that of a lottery winner. Didn’t matter then, and it doesn’t matter today; the now ratty old poster followed me to college and again to my grown-up domicile.