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Lotus Evora 400 shows the new face of progress [w/video]

Lotus may have scrapped all the grandiose plans of the preceding administration, but don't think for one minute that it's going to just sit on its finely honed laurels. No, the British automaker plans to revitalize its existing lineup, starting with the new Evora 400. Based on the company's existing 2+2 sports car, the new Evora 400 features a revised version of the Toyota-sourced 3.5-liter supercharged V6 that now produces 55 more horsepower than the Evora S for a titular total of 400 hp and 302 lb-ft of torque. With revised aero, bodywork, electronics, differential, gearbox and brakes, the new Evora 400 debuting here at the 2015 Geneva Motor Show will now run to 60 in 4.1 seconds, reach a top speed of 186 miles per hour and lap the company's famously grueling test track six seconds faster than the previous model. If that's what resting on laurels looks like, we'll be taking our next vacation in Hethel, England. Featured Gallery Lotus Evora 400: Geneva 2015 View 15 Photos Related Gallery Lotus Evora 400 View 9 Photos Image Credit: Live photos copyright 2015 Drew Phillips / AOL Geneva Motor Show Lotus Coupe Performance Videos 2015 Geneva Motor Show lotus evora 400

Lotus CEO Jean-Marc Gales abruptly quits

Jean-Marc Gales is out as CEO at sports car maker Lotus after nearly four years and a track record of turning the company from years of financial losses to a small profit. He'll be replaced by Feng Qingfeng, vice president and chief technical officer of China's Geely Auto Group, who joined the company's board after Geely acquired a majority ownership stake a year ago. Gales will continue as chief strategic advisor to Lotus Chairman Daniel Donghui Li. "Jean-Marc has stabilized and turned Lotus to profitability for the first time in the iconic brand's history, with new industry-leading products and unique business models since joining the company in 2014," Daniel, who is also Lotus' chief financial officer, said in a statement. "Lotus is poised for the next phase of growth under Feng Qingfeng's leadership, where its expertise in lightweight materials and sports car engineering will form part of the wider expansion of Geely's automotive portfolio." Gales told Autocar he was leaving for "personal reasons" and said it was "time to move on." He will head up JD Classics, a British dealer and restorer of classic cars. Gales praised his successor, saying Feng could "unlock the synergies" between Geely stablemates Lotus, Volvo, Polestar and Chinese brand Lynk & Co. Lotus under Gales had been working on updating its aging portfolio of cars — the Elise, the Exige and the Evora — with plans to first update the Elise by 2020. Earlier this year came word that Gales had green-lighted two new sports cars, to be announced later this year and produced in 2020, and an SUV about the size of the Porsche Macan and possibly based on Volvo's SPA platform, which underpins the XC60 and XC90. Lotus under Gales saw sales increase 10 percent in 2017 to about 1,600 sports cars. Related Video:

Former CEO Bahar files $10.6M suit against Lotus

File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some $10.6 million, claiming that the automaker and its Malaysian owner, DRB, broke the law when they dismissed him. According to a report by Bloomberg Businessweek, DRB and Lotus will defend themselves in court rather than settling, including filing a countersuit against the former top executive.
Bahar, 40, was canned on June 7, about two weeks after Lotus suspended him pending an investigation into his conduct. The report cites a Kuala Lumpur stock exchange filing as its source of the information; the filing also indicates that DRB has decided against selling Lotus, despite continuing losses.