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New Lotus owners ditch ambitious five-year plan

This didn't take long. The new overlords at Lotus have reportedly scrapped the company's five-year plan. DRB-Hicom ditched the turnaround strategy, penned by ousted CEO Danny Bahar, because it believes the market viewed the plan as overly ambitious.
The new product plan will slim the number of new model lines from five to three, and Lotus will likely slash the number planned consultants in favor of relying more heavily on in-house talent. According to The Star, the move should help expedite product development and save cash at the same time.
Even so, nothing is written in stone as of yet. DRB-Hicom says the new plan will take up to a year to finalize. The company has dumped around $242 million into Lotus so far this year, and the struggling automaker may require another $121 million by 2013. Lotus all but stopped production earlier this year during a loan freeze, but the lights came back on in April. The company now produces around 44 vehicles per week.

Lotus Evora 400 shows the new face of progress [w/video]

Lotus may have scrapped all the grandiose plans of the preceding administration, but don't think for one minute that it's going to just sit on its finely honed laurels. No, the British automaker plans to revitalize its existing lineup, starting with the new Evora 400. Based on the company's existing 2+2 sports car, the new Evora 400 features a revised version of the Toyota-sourced 3.5-liter supercharged V6 that now produces 55 more horsepower than the Evora S for a titular total of 400 hp and 302 lb-ft of torque. With revised aero, bodywork, electronics, differential, gearbox and brakes, the new Evora 400 debuting here at the 2015 Geneva Motor Show will now run to 60 in 4.1 seconds, reach a top speed of 186 miles per hour and lap the company's famously grueling test track six seconds faster than the previous model. If that's what resting on laurels looks like, we'll be taking our next vacation in Hethel, England. Featured Gallery Lotus Evora 400: Geneva 2015 View 15 Photos Related Gallery Lotus Evora 400 View 9 Photos Image Credit: Live photos copyright 2015 Drew Phillips / AOL Geneva Motor Show Lotus Coupe Performance Videos 2015 Geneva Motor Show lotus evora 400

F1 just got a whole lot quieter, and some people are really unhappy about it

The scene is the front straight of the Albert Park Circuit at the Australian Formula One Grand Prix, and what you see on track on either side of the gentleman wearing the orange hat is a Mercedes AMG Petronas being followed by a Lotus. The first major clue, as should be obvious by the nose of the Mercedes, is that this scene was captured last year. The other major clue in the photo is the gentleman in the orange hat: he's wearing earmuffs to silence the noise. We count at least four people wearing them, and that's before the camera pans. Some F1 fans have been pleased with the sound of the new 1.6-liter V6 engines, but it appears that the majority are not; the organizers of the Australian Grand Prix are threatening to sue because of a "lack of sexiness," and F1 impresario Bernie Ecclestone has declared he was "horrified by the lack of [noise]." YouTube user krookzeh has posted a video comparing last year's 2.4-liter V8 cars on the first lap at Albert Park with the new turbo V6 cars on the first lap this year. You can compare the sounds and the number of earmuffs in the short clip below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: ESPN F1 [1], [2], krookzeh via YouTube Motorsports Lotus Racing Vehicles Videos F1 australian grand prix