6 Speed, Sports, Tech And Premium Pkg on 2040-cars

Auto blog

The time Elon Musk paid $1 million for James Bond submarine car that cost a couple $100

Tesla CEO Elon Musk landed himself in court after insulting a diver who criticized his plan to rescue a Thai soccer trapped in a cave using a purpose-built mini submarine. Which reminded us that Musk's interest in submarines started years ago. The story begins in 1989, when a couple from Long Island put every barn-find hunter to shame by paying $100 for a locked storage unit, and cracking it open to find a 1976 Lotus Esprit buried under a pile of blankets. That's a cool find, the S1 Esprit is sought-after among enthusiasts, but CNBC reported they quickly learned their car was modified to star in the 1977 James Bond film "The Spy Who Loved Me." Ignoring Colin Chapman's "light is right" motto, the producers alchemized the Lotus into a fully functional submarine by welding in the wheel arches and the underbody, and adding winglets for more stability. Four propellers powered by a battery pack housed in the cabin moved the Esprit under water, and the coupe gained front-mounted missile launchers. The modifications reportedly cost $100,000. The couple had never seen a James Bond movie; they likely assumed it was a mad scientist's kit car, or a science fair project gone wrong. The $100 purchase price represents about $207 in 2019 dollars, so the unsuspecting buyers could have easily sold it as a parts car, made a small amount of money on it, and ended up with a free storage unit. However, they became aware of the Esprit's significance in Hollywood history when truckers identified it over CB radio while they were hauling it home. lotus-esprit-submarine-in-action-1 View 3 Photos They weren't collectors, and storing a submarine is terribly impractical, so they commissioned a cosmetic restoration and asked auction house RM Sotheby's to sell it in 2013. An enigmatic buyer paid $997,000 for the non-running movie prop. Musk later revealed himself as its new owner. "I was disappointed to learn that it can't actually transform. What I'm going to do is upgrade it with a Tesla electric powertrain, and try to make it transform for real," he announced. Even billionaire-owned project cars sit for longer than planned, and there's little evidence the Esprit is in swimming condition, let alone capable of morphing into a submarine at the simple push of a button. If it could, we're certain Musk would have hyped it up on Twitter. But while stalled projects normally draw the ire of loved ones as they take up garage space, Musk's turned into a well of inspiration.

UK car output falls 14% in March, may get worse with no-deal Brexit

LONDON — British car output fell for the 10th month in a row in March, hit by a slowdown in key foreign markets, and the sector stands to suffer a lot more if the country leaves the European Union without a deal, an industry body said on Tuesday. Output tumbled by an annual 14.4 percent to 126,195 cars in March, the Society of Motor Manufacturers and Traders said. Exports, which account for nearly four out of every five cars made in Britain, were down by 13.4 percent. The SMMT said analysis it had commissioned predicted output would fall this year to 1.36 million units from 1.52 million in 2018, assuming London can secure a transition deal with the EU. If Britain has to rely instead on World Trade Organization rules for its trade with the bloc, which include import tariffs, output is forecast to fall by around 30 percent to 1.07 million units in 2021, returning to mid-1980s levels, the SMMT said. The forecasts were produced for SMMT by AutoAnalysis, a consultancy. Prime Minister Theresa May has secured a delay to the Brexit deadline until Oct. 31, giving her more time to try to break an impasse in parliament over the terms of Britain's departure from the EU. Foreign minister Jeremy Hunt traveled to Japan earlier this month to try to persuade the Japanese government and Toyota, which has a big presence in Britain, that London was determined to avoid a no-deal Brexit. "Just a few years ago, industry was on track to produce 2 million cars by 2020 — a target now impossible with Britain's reputation as stable and attractive business environment undermined," SMMT chief executive Mike Hawes said. "All parties must find a compromise urgently so we can set about repairing the damage and diverting energy and investment to the technological challenges that will define the future of the global industry." (Reporting by William Schomberg, editing by David Milliken)

Lotus team out of Le Mans, full driver list published

We can scratch off one more car from the list for the 2014 24 Hours of Le Mans. The Lotus T129 LMP1 car has been dropped from the entry list of the 82nd running of the historic race, with organizers citing "a lack of preparation" as the reason. On a more positive note, the list of 168 drivers in 56 vehicles has been officially published for the June 14 race.
Like the Lotus team currently in Formula One, the Lotus T129 uses the iconic British brand's name and colors but is actually built by a separate company. It previously ran a Lola chassis in the LMP2-class (pictured above). The Le Mans organizers claim the car will likely be on display during the 24-hour race, but it won't make it's competition debut until the World Endurance Championship round at the Circuit of the Americas in September. The T129 is being replaced by an Oreca 03 chassis with Nissan power in the LMP2 class, entered by Millennium Racing.
The Lotus' retirement came as the teams had to send in the names of the three drivers nominated to race each car. This year there are racers from 26 countries with the most coming from France (39), Britain (29), the US (17) and Italy (15). The latest tally of entries breaks down to 9 LMP1s, 19 LMP2s, 9 LM GTE Pros, 18 LM GTE Ams and the Nissan ZEOD RC as the experimental Garage 56 entry.