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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 adds lightness to new Exige S Club Racer

If there are two things Lotus is good at, they're trimming weight off already lightweight cars and getting the most out of its existing products. And those are just the talents it's called on to roll out the new Exige S Club Racer. Based on the Exige that's been on the market since 2000 – itself based on the Elise that dates back to 1996 – the new Exige S Club Racer manages to cut an extra 33 pounds off the vehicle's already featherlike curb weight, now down to under 2,600 lbs. The weight reduction comes down largely to the lightweight battery, center console, doors and sports seats. Yet measured at 100 miles per hour, the coupe also produces 93 lbs of extra downforce thanks to the revised aero package that includes a new front splitter, rear wing and flat underbody. Joining the Elise 20th Anniversary Edition (which itself replaces the Elise S Club Racer), the new Lotus Exige S Club Racer packs a 3.5-liter V6 to run to 62 in four seconds flat and on to a top speed of 170 mph. That's some rather impressive performance for a vehicle that only costs GBP56,900 in the UK, which is about what you'd pay for a Porsche Cayman GTS over there that would cost us around $75k. Unfortunately, Lotus doesn't sell the Exige in the US anymore, so this is one further improvement on a model we'll just have to admire from across the ocean. NEW LOTUS EXIGE S CLUB RACER - FASTER AND LIGHTER - Club Racer ethos applied to searingly quick Exige S - Weight reduced by 15 kg - Lotus benchmarks for handling and pure driving experience Applying the Lotus refined Club Racer principles to the already stunning Exige S results in the most inspiring version of an already class-leading sports car. The Exige S is a model that already excels, thanks to its lightweight aluminium chassis-tub and aerodynamically enhanced composite bodywork. Its 3.5-litre supercharged V6 engine delivers exciting performance, benchmark handling and a pure driving experience combined with a 4.0 seconds 0-62mph (0-100km/h) acceleration time and a top speed of 274 km/h (170 mph). Jean-Marc Gales, CEO of Group Lotus plc, expressed his enthusiasm for the new model: "Factoring the Club Racer ethos into the Exige enhances the track-focussed potential of this important model.

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: