Lotus Evora 2+2 on 2040-cars

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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.

Lotus Esprit cancelled? [UPDATE]

Two years ago, we were gobsmacked when humble Lotus shocked the automotive world by wheeling out no fewer than five new models - admittedly in various stages of development - at the 2010 Paris Motor Show. The ambitious onslaught of new sheetmetal came at the behest of then-CEO Danny Bahar who aimed to broaden the British marque's appeal by dramatically expanding its portfolio. Bahar was later thrown out by new Malaysian owners DRB-Hicom in a management shakeup that seems to still be, well, shaking out. Bahar was deposed over accusations of financial wrongdoing and the controversial executive has fired back with a $10.6M lawsuit.
Against this chaotic background, a cornerstone of Lotus' revival plans hinged on the rebirth of its Esprit supercar (shown in 2010 concept form above). According to new reports, however, the Esprit has been cancelled, a victim of the company's uncertain finances and direction. Depending on which rumor you choose to believe, the two-seat coupe was slated to receive a house-built V8 and possibly turbocharging or hybrid power. That may all be moot now, however, as DRB-Hicom is reported to have scrapped Bahar's plans wholesale, a development that apparently includes killing off the mid-engined Esprit, too.
UPDATE: And this, friends, is why we have this story with a question mark and a Rumormill tag - Lotus is denying that the Esprit has been killed off.

Lotus Evora roadster to follow 400 coupe to US market

Lotus is in the midst of resurgence, and that includes a renewed assault on the US market. The new Evora 400 is coming to America, and though the new 3-Eleven won't be certified to drive on American roads, the company has confirmed that it will be offered here for use on track. But that's not all. According to Automotive News, Lotus is preparing to follow up on the aforementioned Evora 400 coupe with an additional roadster variant. Instead of a folding roof mechanism, the open-top Evora will incorporate two carbon-fiber roof panels able to stow behind the front seats. Otherwise it's expected to be mechanically identical to the coupe, with a 3.5-liter supercharged V6 packing 400 horsepower and a series of other enhancements over the preceding Evora S. Lotus was forced to withdraw the Evora – the last model it offered in the US – from the American market last year after it no longer complied with federal regulations. Bringing the new Evora 400, and its upcoming roadster variant, to the US will necessitate fitting it with a new smart airbag – something which Lotus confirmed to Autoblog it is preparing to do. According to spokesman Alastair Florance, "the Evora 400 will arrive in the market as a 17MY and will be fully compliant with FMVSS 208, including the smart air bag element." The coupe is expected to arrive here in December, with the yet-to-be-unveiled roadster to follow six months later. The news confirms what we heard earlier about the company's future plans. Those also include a new SUV being designed principally for the Chinese market, and an even more radical 4-Eleven to follow at some point in the future. Related Video: