2006 Lotus Elise 6549 Miles on 2040-cars

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New Lotus owners ditch ambitious five-year plan

This didn't take long. The new overlords at Lotus have reportedly scrapped the company's five-year plan. DRB-Hicom ditched the turnaround strategy, penned by ousted CEO Danny Bahar, because it believes the market viewed the plan as overly ambitious.
The new product plan will slim the number of new model lines from five to three, and Lotus will likely slash the number planned consultants in favor of relying more heavily on in-house talent. According to The Star, the move should help expedite product development and save cash at the same time.
Even so, nothing is written in stone as of yet. DRB-Hicom says the new plan will take up to a year to finalize. The company has dumped around $242 million into Lotus so far this year, and the struggling automaker may require another $121 million by 2013. Lotus all but stopped production earlier this year during a loan freeze, but the lights came back on in April. The company now produces around 44 vehicles per week.

Lotus marks 20 years of the Elise

Lotus was a very different company 20 years ago. For starters, it wasn't owned by the Malaysians: it had just been sold by General Motors to Romano Artioli, the same man behind the revival of Bugatti EB110. It had discontinued the Elan, Excel and Carlton, which left the Esprit – by then already 20 years old itself – as its only product. Then the Elise came along and everything changed. The Elise arrived in 1995, based on a lightweight aluminum chassis that was ahead of its time and cloaked in composite body panels to make it incredibly light in the spirit of Colin Chapman's ethos. Its name was taken from Artioli's granddaughter, but stuck around long after he sold the company. The Esprit was eventually retired, and with the exception of the Evora, the Elise served as the basis for every other new Lotus that has followed in the two decades since: the Exige, Europa, 2-Eleven, 340R, and so on. It even lent its underpinnings to a wide array of sports cars for other automakers, including the groundbreaking Tesla Roadster, the all-conquering Hennessey Venom GT, the Opel Speedster/Vauxhall VX220, and more concepts cars and niche products than we can count. Now 20 years since its introduction, Lotus is celebrating the milestone with the Elise 20th Anniversary Edition. It's based on (and effectively replaces) the Elise S Club Racer, and trims a further 22 pounds off the curb weight. It's got matte black forged wheels and trim, a retrimmed interior and of course all the special badging. UK customers will be able to pick one up for GBP39,900, but as the Elise hasn't been offered Stateside in a few years now, we'll just have to admire – and celebrate – from afar. Lotus Elise celebrates 20 years - Celebratory 20th Anniversary Special Edition Elise - Special edition, based on the Elise S Club Racer, including classic Elise colour schemes - Pioneering and iconic Elise continues to innovate and evolve - Weight reduced by 10 kg The Lotus Elise 20th Anniversary Special Edition celebrates the unveiling of the iconic sports car at the Frankfurt Motor Show in September 1995. 20 years ago, the Lotus Elise revolutionised the sports car world, setting the benchmark for handling, purity of the driving experience, lightweight and efficiency. Its pioneering and advanced bonded aluminium chassis was a market-leading technological innovation at the time and over the years has improved and evolved and remains core to the Elise's exceptional performance today.

This might be a Lotus SUV test mule

These photos could be our first look at the Lotus SUV in test mule form. The body on the chassis is clearly that of a Lynk and Co. 01 SUV, but the underpinnings are something different entirely. Perhaps the most telling bit of all is the location in which our spy shooter caught the vehicle. We're told that this was shot dangerously close to Lotus' headquarters in Hethel, England. Using a Lynk and Co. body to test the Lotus SUV makes sense when you take into account who owns both companies. Geely happens to own Lotus, Lynk and Co. and Volvo, so they're all under the same roof at this point. These spy photos appear to be hiding a chassis that doesn't exactly fit correctly under the body, though. The front fenders are far wider than they are on the 01, and the rear fenders also look like they've been messed with to fit the much larger rubber. It has a wider, more aggressive stance than the Lynk and Co. SUV, lending more evidence to this being a Lotus SUV test mule. We'd expect a Lotus SUV to handle as well as anything in the class, so all these things do make sense if that's what it is. As for what could be powering the British SUV, that's another story. This tester has yellow caution tape covering where the gas cap is on the 01 SUV, no visible exhaust and a big, yellow high voltage sticker on the windshield. All of that tells us it's most likely electrified in some form. We didn't have intel that the Lotus SUV would be electric previously, but there's every chance they could go down that road. The Lotus 130 hypercar is going to be all-electric. And Volvo sells plug-in hybrids now, so the tech could be borrowed from there, too. Of course, Volvo doesn't have the same priorities as Lotus does with weight reduction and handling, so don't consider anything a done deal quite yet. We can't actually confirm that the vehicle in question is a Lotus underneath, but hopefully more photos and information make their way to us soon. There's still a long way to go in the development process if Lotus is only testing on mules now, so look for plenty more to come on this vehicle.