1988 Lotus Esprit Turbo 40th Anniversary Edition - Rare #57 Of 88 Made on 2040-cars

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Lotus and Proton might be sold to Peugeot-Citroen after Geely bails

Despite some strong initial interest, Chinese automaker Geely changed its mind about purchasing a controlling stake in Proton, parent company of Lotus Cars. This leaves Groupe PSA, owner of Peugeot, Citroen, and now Opel, as the sole remaining interested party. This is mixed news for Proton, as Geely's hands-off, cash-flush approach may have helped Lotus. On the other hand, it isn't like Groupe PSA is bordering on bankruptcy. According to Malaysian automotive news site Paultan.org, the reasons behind Geely's change of heart are unclear. In fact, it may seem that the indecision about the deal may have been coming more from Proton, not Geely. Reports say that Proton's parent company, Malaysian manufacturer DRB-Hicom, was uneasy about the potential partnership. DRB-Hicom assembles cars for a number of automakers, including Honda, Isuzu, and Suzuki. A deal with Groupe PSA would give the French automaker access to both DRB-Hicom's facilities and an expanded foothold in Southeast Asia. As only one contender remains, look for news of the deal going one way or another in the next few months. Related Video: News Source: Paultan Lotus Citroen Peugeot Geely groupe psa

Radford Type 62-2 is rad, a coachbuilt sports car based on Lotus underpinnings

There’s a new coachbuilder out there, and the company calls itself Radford. Today, Radford revealed its first car — the Type 62-2 — and itÂ’s based on the chassis and underpinnings of the Lotus Evora. ThatÂ’s an extremely good place to begin building from. Plus, the company has some big names attached to it. F1 racer Jenson Button is the one who dialed in the carÂ’s driving dynamics. Mark Stubbs, formerly of Bentley, Bugatti, Aston Martin and more, led the design process. And Ant Anstead, now co-hosting "Wheeler Dealers," is handling the build/production work. There may be an Evora underneath all the new bodywork, but this vehicle doesnÂ’t look like one on the outside. Instead, itÂ’s meant to take after the original Lotus Type 62 race car. Take one quick look at both, and it appears as though Radford has done a standup job of getting it there. ItÂ’s even been revealed initially in livery worn by the old Type 62. WeÂ’ll note that there will be two cars with slightly different looks. The first is a “Classic” version without a wing and fitted with staggered 17/18-inch wheels. The other model is called “Gold Leaf,” and it has the Type 62Â’s wings, can be done in the livery you see here and features larger center-locking 18/19-inch wheels. Thanks to the aluminum-intensive structure of the Evora, the Radford Type 62-2 weighs just under 2,205 pounds. Radford saved additional weight by using all carbon fiber body panels. This lightweight body is propelled forward via the 3.5-liter Toyota-provided supercharged V6 used in the Evora. Its base tune in the Type 62-2 offers up 430 horsepower. However, upgrading from the Classic to the Gold Leaf brings an increase to 500 horsepower. Radford says it gets the extra power via upgraded pistons, connecting rods, camshafts and new electronic engine mapping. If you want the extra power in the Classic, Radford says you can still optionally have it. As you may already suspect, a six-speed manual transmission is available on the Type 62-2. Unlike the Evora, though, you can also spec a seven-speed dual-clutch automatic transmission. ItÂ’s the only transmission available if you spec the engine up to 500 horsepower, so pick your poison on that front — thereÂ’s no manual available for the high-power version. As for the suspension, Radford says itÂ’s lowered the car more and changed the suspension geometry a bit compared to the standard Lotus design — thanks, Jenson.

Lotus sells loads more cars, earns way more money

Sports-car company Lotus has reason to be excited. It released some facts on its sales and financial performance for the 2016 and 2017 fiscal year, and it has seen some impressive improvements. According to the company, it sold nearly 60 percent more cars in mainland Europe compared with the 2015/2016 fiscal year, and it sold six times as many cars in the U.S. compared with that year. This helped it go from a loss of GBP16.3 million for the previous year in earnings before interest, taxes, depreciation and amortization (EBITDA) to a GBP2 million profit EBITDA. The fact that those numbers are given before all those extra expenses is noteworthy, though, as it means the company isn't truly profitable yet, despite major gains. The company did report numbers that only excluded tax, and those show the company still lost money. But the good news is that it lost much, much less money than the year before. Before taxes for the 2015/2016 fiscal year, the company lost GBP41.2 million, and this year, it only lost GBP11.2 million. The company expects it will be profitable before tax in the coming year. So Lotus isn't perfectly healthy yet, but this, combined with Geely's recent acquisition, shows it's well on its way to becoming fit as a fiddle. We like the cars Lotus makes, so we hope that things keep getting better, and that we'll maybe get more Lotus models in the future, beyond just the Evora road car and 3-Eleven track car. Related Video: Featured Gallery 2017 Lotus Evora 400: First Drive View 29 Photos Image Credit: Lotus Earnings/Financials Lotus Coupe Lightweight Vehicles Performance