2002 Lotus Esprit V8 Coupe 2-door 3.5l 3506cc V8 Gas Dohc Turbocharged Rwd on 2040-cars

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Lotus to receive $16M government grant

Troubled British automaker Lotus is getting a second infusion of cash following a 100-million-pound ($161.5-million) investment by its parent company DRB-Hicom that was made in August. The substantially smaller investment, a mere 10 million pounds ($16.2 million), comes from the British government's Regional Growth Fund.
The fund, which is part of a 3-billion-pound ($4.8-billion) fund to spur economic growth in the UK, will allow Lotus to invest even further in research and development as it seeks to reinvent its lineup of lightweight sports cars. The fund will also allow the UK-based outfit to provide further training for its new crop of employees.
"This grant is part of a wider strategy for Lotus created to ensure we thrive and grow. We are responding to increased global demand for our cars and engineering consultancy services and this grant will help to position Lotus as the forefront of global automotive innovation," said Aslam Farikullah (shown above with UK Business Secretary Vince Cable MP), the chief operating officer at Lotus.

Renault settles on Lotus, to take 65-percent stake in F1 team

Renault's coquettish moves toward becoming a constructor again have been news all season. The expected maneuver, should Renault say "Oui" to such, was for the French carmaker to repurchase the Lotus team - the team it sold at the end of 2010 to Genii Capital. Then last week we got the surprise news that Renault had been talking to Force India about taking a majority stake, but that information came with the context that Renault had discussions with several teams about such a move. Autosport reports that Renault has finally decided to get back together with Lotus, taking a stake worth up to 65 percent for 65 million pounds. The deciding factor was said to be the facilities that Lotus has available compared to Force India, including the Enstone factory formerly owned by Renault, plus a computational fluid dynamics program, driver-in-the-loop simulator, and a 60-percent-scale wind tunnel. The final shareholding stake will be split between Gerard Lopez at 25 percent and Renault ambassador Alain Prost at 10 percent. Renault will make a 7.5-million-pound payment immediately, completing the acquisition by paying 5.75-million-pounds per year for the next ten years. On top of that, Renault will invest a budget commensurate with those of Mercedes-AMG Petronas and Infiniti Red Bull Racing. The carmaker's board and CEO Carlos Ghosn have approved the deal, it is up to Lotus shareholders to agree to everything by Monday, when Autosport says the papers will be signed. The deal puts team drivers and the Red Bull engine supply in question. It should be expected for Romain Grosjean to remain, but keeping Pastor Maldonado is not a certainty. As for engines, Red Bull's engine supply contract states it must be Renault's priority, so Renault could stick with the Mercedes power unit Lotus currently uses for one more year, or help Red Bull get in bed with Mercedes. We should know more next week. Related Video:

How the fastest Elise ever compares to 3 sportscars you know

The Lotus Elise had its 20th anniversary last year, and the British sports-car maker's belated celebration is the quickest production Elise ever around its test track. The new Elise Cup 250 can sprint to 60 miles per hour in 3.9 seconds and reach a top speed of 154 mph. It's essentially Lotus' answer to a Porsche Cayman GT4. The Elise Cup 250 replaces the Cup 220 in the model lineup, and Lotus plans to limit production to 200 units annually. The 1.8-liter supercharged four-cylinder now makes 243 horsepower and 184 pound-feet of torque, compared to 217 hp and 184 lb-ft from the predecessor. The company claims the Cup 250 laps its test track in 1:34, which is four seconds better than the 220. On paper, the Cup 250 could give a Cayman GT4 quite a fight. The Porsche's 385 hp wins on power, but it weighs significantly more at 2,955 pounds. Those differences translate to a slower 60 mph run of 4.2 seconds but a faster 183-mph top speed. We also think the upcoming Jaguar F-Type SVR could make for interesting competition around a very tight track. A recent leak suggests the new model has over 560 horsepower and a 200-mph top speed, so it would easily win on an open course. On a curvy circuit, the Lotus could be an intriguing challenger. Lotus Elise Cup weighs a scant 2,053 pounds in normal trim and 2,030 pounds with the optional Carbon Aero package, which includes carbon fiber parts for the front splitter, rear wing, rear diffuser and side-floor extensions. To save weight, Lotus fits the car with a lithium-ion battery, carbon fiber seats, and forged alloy wheels. The suspension and brakes carryover from the 220, including Bilstein dampers, Eibach springs, and AP Racing brakes. Lotus models often have a sparse interior, and that continues with the Cup 250. The options list includes usually common items like air conditioning and cruise control. A package even combines a radio, carpets, and sound deadening. Standard cars come with a red or black Alcantara interior, but leather is available. The Cup 250 goes on sale in April for 45,600 pounds ($65,170 at current rates), but it isn't available in North America. This forbidden fruit makes for an interesting comparison to other stripped-down models, though. For example, the Evora 400, which is for sale in the US, is slightly slower to 60 at 4.1 seconds but its 1:32 time around the Hethel test track is two seconds a lap quicker.