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Genii capitalizing on Lotus F1 tech with new sports car?

Detractors will tell you that there's little to be applied from Formula One racing to the cars we drive, but what about the cars most of us could only dream of driving? We're talking about supercars from the likes of Ferrari and McLaren - two hugely successful F1 racing teams that have successfully made the transition into building exotic sports cars for the road. And soon there may be one more.
That would be the Lotus F1 Team, which is rumored to be working on a sports car project of its own. Now we know what you might be thinking: Lotus already makes sports cars. Indeed they do, only the F1 team has nothing more to do with the automaker behind the Exige and Evora than the name they share. Today the team (formerly known as Toleman, Benetton and Renault) is owned by Genii Capital, whose chairman Gerald Lopez recently confirmed the rumors to Auto Motor und Sport: "We are going to develop a carbon chassis for a sports car that can be built in large quantities.... But this has nothing to do with Formula 1."
With little to nothing in the way of details available, the circulating rumors had tied the venture to on-again, off-again Italian auto marque De Tomaso. But our source at ATS (which recently bought the rights to the De Tomaso name following Gian Mario Rossignolo's aborted attempt to revive it) firmly denied the prospect of any such collaboration. Spokesmen for the Lotus F1 Team would not divulge any information; neither would the press office for parent company Genii Capital, leaving the door wide open to speculation once again.

Lotus CEO Jean-Marc Gales abruptly quits

Jean-Marc Gales is out as CEO at sports car maker Lotus after nearly four years and a track record of turning the company from years of financial losses to a small profit. He'll be replaced by Feng Qingfeng, vice president and chief technical officer of China's Geely Auto Group, who joined the company's board after Geely acquired a majority ownership stake a year ago. Gales will continue as chief strategic advisor to Lotus Chairman Daniel Donghui Li. "Jean-Marc has stabilized and turned Lotus to profitability for the first time in the iconic brand's history, with new industry-leading products and unique business models since joining the company in 2014," Daniel, who is also Lotus' chief financial officer, said in a statement. "Lotus is poised for the next phase of growth under Feng Qingfeng's leadership, where its expertise in lightweight materials and sports car engineering will form part of the wider expansion of Geely's automotive portfolio." Gales told Autocar he was leaving for "personal reasons" and said it was "time to move on." He will head up JD Classics, a British dealer and restorer of classic cars. Gales praised his successor, saying Feng could "unlock the synergies" between Geely stablemates Lotus, Volvo, Polestar and Chinese brand Lynk & Co. Lotus under Gales had been working on updating its aging portfolio of cars — the Elise, the Exige and the Evora — with plans to first update the Elise by 2020. Earlier this year came word that Gales had green-lighted two new sports cars, to be announced later this year and produced in 2020, and an SUV about the size of the Porsche Macan and possibly based on Volvo's SPA platform, which underpins the XC60 and XC90. Lotus under Gales saw sales increase 10 percent in 2017 to about 1,600 sports cars. Related Video:

Lotus Type 133 sedan caught testing in China

Before the Lotus Eletre battery-electric SUV debuted in March, Chinese car spotters snapped photos of prototypes in testing. The same has happened again with the Lotus codenamed Type 133. An image of the tester parked along a curb showed up on the Chinese site Weibo, with a camouflaged Eletre in the background left and an uncamouflaged Eletre parked opposite. The Type 133 is a four-door sedan being developed as a driver's car, benchmarked against and planning to take on the Porsche Taycan as well as the Audi E-Tron GT. Slated for a reveal next year, recent Lotus trademark applications for the names Envya and Etude lead watchers to believe the Type 133 will adopt one of those monikers for its debut in March, Envya getting the short odds. Lotus SVP of design Peter Horbury said the 133 wouldn't be just a smaller Eletre, we'll need to wait until the covers come off to know the truth of it. What we can tell for now is that the sedan doesn't look far off the kind of four-door we'd have expected from Lotus if the English maker had got into family sedans before the electric age. Peeking through the window, the driver's area gives off the same vibes as in the Eletre thanks to a squared steering wheel and minimalist instrument panel. An earlier spy shot picked up by Car News China shows a rear door with pillarless window. The biggest surprise is how long it looks. Some of that length could be a trick of the angle and the camera lens; even so, this won't be a wallflower. And why should it be? Said to sit on the same Electric Premium Architecture (EPA) as the Eletre — a derivative of parent company Geely's Sustainable Experience Architecture (SEA) that supports the Polestar 4 and the new Smart range — we expect overlap in powertrain possibilities. That could mean an entry-level battery pack of 92 kilowatt-hours juicing a dual-motor drivetrain with 595 horsepower and 524 pound-feet of torque, and a 120-kWh pack powering four motors producing 893 hp and 727 lb-ft. That latter model should get the Type 133 from standstill to 62 miles per hour in under 3 seconds. After the sedan debuts, the Type 134 SUV isn't anticipated until 2025, a challenger to the Porsche Macan EV. The following year, Lotus returns to its roots with the Type 135 sports car that will usher the current Emira into retirement. Related video: