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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.

Detroit Electric is actually active in Detroit

Here's some news that will make the urban scavengers sifting through the ruins of the Motor City a little disappointed. Detroit Electric, the slow-moving electric-vehicle maker basing their wares off of a couple of Lotus models is employing people in Detroit. And some local vehicle production may follow. The company is working out of Detroit's Fisher Building, which had been empty last year, and says it plans to boost its employee count from eight to about 20 by the end of the year, The Truth About Cars reports. Detroit Electric changed its production plans for the Lotus Elise-based SP:01 last year, moving the manufacturing base of that model to the Netherlands from a production facility in Plymouth, MI, about 30 miles west of Detroit. Right now, the SP:01 is being worked on in Europe, Malaysia's Paultan.org says. That 201-horsepower model can go from 0-62 miles per hour in 3.7 seconds and has a single-charge range of about 190 miles. That model is expected to be priced at about $135,000. Detroit Electric is also working on a 2+2 EV based on the Lotus Evora, and, while government approvals await, the four-seater may be available for sale as soon as early 2016.

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