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Lotus hiring 100 after securing lb100m investment

Lotus is getting a shot in the arm courtesy of corporate parent DRB-Hicom, which has announced a 100-million pound ($152.3M USD at today's rates) investment in the Hethel, UK-based manufacturer. The troubled brand was also in the news last week, with DRB announcing a new, three-year plan that would see variants of existing models introduced.
The money will create 100 new jobs in Hethel, with 45 new engineers, 40 manufacturing operatives and 18 university grads joining the team. Lotus has already seen an uptick in sales this year, according to a Norfolk-based news site, with 40 to 45 cars being produced per week and 722 road cars and 45 race cars sold between January and May. Even sales in the UK have seen a big jump - Lotus only moved 70 units in 2012, but it's already sold 80 cars in the first half of 2013.
Better yet, Lotus is citing an increased demand for its cars around the globe as the motive behind the new hires. While still quite uncertain, Lotus looks like it might finally be on the right track.

Lotus Type 132 electric crossover spotted testing in China

Thanks to Carscoops, we know that Weibo Chinese social media user Ductile Iron BX spotted a Lotus Type 132 prototype testing on Chinese roads. This is the vehicle that will inaugurate the English sports car maker's transition to a battery-electric future and its future as a purveyor of crossovers, the once dirty word among the light-and-simple crowd that's just too profitable to ignore. In profile, the long, low roof makes the Type 132 look more like a jacked-up Allroad-style wagon than a traditional crossover. The heavy camo can't hide the jutting tail that holds a deployable spoiler. Those regular-sized wheels look good, but they don't fill the arches that way we've come to expect from speedy SUVs; we won't be surprised if larger rims appear on the debut model, with an option for even larger rims. The treatment of the rear quarter glass, which looks like a vent, is a neat touch. We know black drapery hides other touches like an active lower grille, its hexagonal mesh peppered with panels that twirl open to provide the right combination of powertrain cooling and vehicle aerodynamics, and some kind of sensor unit rising from the roof. Nor can the camouflage hide the sharp lines throughout, from the concave front fascia to the arced rear fenders to the dramatic rear bumper. This could be a good looking start to Lotus' people-hauler era. The Type 132 is expected to debut this spring, riding on the firm's Evolution Architecture for premium vehicles and featuring 800-volt electrics and a battery with a possible 120-kilowatt capacity. Lotus has said the crossover will reach 60 miles per hour in under 3. seconds, an estimate that probably refers to the dual-motor version that might put out as much as 750 horsepower. Even though the Type 132's place in the luxury segment will see it lined up against entries like the Aston Martin DBX and Porsche Cayenne, this being the first super-sporty CUV from this OEM, it will undoubtedly spend the early part of its life thrown into battles with the Tesla Model X. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Race Recap: 2013 Bahrain Grand Prix follows the template of this year and last [spoilers]

The sand, the wind, the penalties, the contact and the one crash - all of them collided to make the Bahrain Formula One Grand Prix a surprise affair from day to day and lap to lap. Oh, and did we mention the tires? Pirelli made a last-minute swap after the amusement park ride that the Chinese Grand Prix turned into with the soft compound tire, and brought medium and hard compounds to the desert. That didn't stop things from falling apart for some teams - literally - and that didn't stop the one team that seems to love the hard compound Pirelli tire.