1995 Lotus Esprit S4 Turbo,415hp, 1 Of 1 Bugatti Blue, This Car Is Stunning! on 2040-cars

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Lotus bankruptcy case dismissed in UK

Times have not been easy for Lotus lately, so when its name came up on a list of companies scheduled for a liquidation court, it seemed like the end could be near for the fabled British builder of lightweight sports cars. As it turns out, Lotus was on the Companies Court Winding Up list in the UK due to a contractual dispute with a supplier, and the High Court has since dismissed the case.
According to Autocar, Lotus and the supplier actually resolved their issue earlier in the year, but the process couldn't be stopped until seen by a judge. The report says that the case was initiated when Group Lotus failed to pay some of its debts, which is probably a fair indication that Lotus is far from out of the weeds in regards to its financial difficulties.

Lotus Type 132 crossover EV teased five ways in video

Lotus has combined its series of video teasers of the Type 132 crossover into one reel. The result provides peeks at five of the features we can expect on the electric CUV when it launches next year. Under the "Breathe" section, there's the active lower grille, divvied-up hexagonal openings that twirl open or closed to provide the right combination of powertrain cooling and vehicle aerodynamics. Titled with "See," there's what looks like a sensor detection unit rising from the roof; it looks like a LIDAR unit pointed toward the rear, but it's impossible to know from the clip. In the "Stretch" section, we see an active rear spoiler moving into a higher drag configuration, connected to a fender with lines that evoke the Evija and Emira. Finally, in "Awaken," there's what looks like a giant screen canted toward the driver and towering over the instrument panel. The Type 132 will commence Lotus' EV-only series production future, the first of four models due in the next few years, and the largest. After it will come a sedan marketed as a four-door coupe known as Type 133, expected on sale in 2023, a smaller crossover called the Type 134 that will debut in 2025, and a sports car currently dubbed Type 135 that's planned for 2026 and could get an Alpine-branded sibling. The four-door models are expected to ride on Lotus' Evolution architecture for "premium" vehicles, with available dual-motor powertrains that might get up to 750 horsepower powered by batteries up to 120-kWh. The sports car will get the E-Sports platform Lotus will share with Alpine and sell to other manufacturers, the junior relative of the Extreme platform that supports the 1,973-hp Evija.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

China's Geely says it has no plan to buy Fiat Chrysler — as FCA stock leaps

HONG KONG — Chinese carmaker Geely Automobile denied media speculation on Wednesday that it planned to make a takeover bid for Fiat Chryslerk Automobiles (FCA), the world's seventh-largest automaker. Geely was one of several Chinese carmakers cited in by Automotive News, which said representatives of "a well-known Chinese automaker" had made an offer this month for FCA, which has a market value of almost $20 billion. "We don't have such a plan at the moment," Geely executive director Gui Shengyue told reporters at an earnings briefing, when asked if Geely was interested in Fiat. He said a foreign acquisition would be complicated, but he did not elaborate. "But for other (Chinese) brands, it could be a fast track for their development," Gui added. However, a source close to the matter said FCA and Geely Automobile's parent firm, Zhejiang Geely Holding Group, had held initial talks late last year, without disclosing their nature. The source confirmed Geely was no longer interested in FCA, noting that the parent company had only three months ago announced its first push into Southeast Asia with the purchase of 49.9 percent of struggling Malaysian carmaker Proton, a deal that also included a stake in Lotus. Geel's denial failed to dent FCA's stock. The price of its Milan-based shares has jumped more than 10 percent to a 19-year high since Automotive News first reported on Monday, citing unnamed sources, that FCA had rejected the Chinese offer as too low. FCA stock on the New York Stock Exchange rose sharply on Monday from $11.60 to $12.38 and on Wednesday was trading at $12.84. FCA declined to comment on Wednesday. FCA Chief Executive Sergio Marchionne has repeatedly called for mergers as a way of sharing the costs of making cleaner, more advanced cars, but he has repeatedly failed to find a partner and retreated from his search for in April, saying FCA would stick to its business plan. He has also spoken of spinning the successful Jeep and Ram divisions off from FCA. Europe's largest carmaker, Volkswagen, and General Motors have both said they are not interested in talks with FCA. On Wednesday, Geely Automobile reported a doubling of first-half profit, above expectations, as cars designed with Sweden's Volvo won over domestic consumers. Volvo is a unit of the Zhejiang Geely group, and has recently announced it will share its technology with Geely.