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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 / Envya spy photos show it in thin camouflage

Lotus's upcoming electric sedan, codenamed Type 133 and potentially named Envya, has been caught in spy photos once again, and this time we get an impressively clear look thanks to thin, branded camouflage. It looks as long and slinky as ever, and design elements from the Lotus Eletre electric SUV are obvious. It also looks as though it's closely related to the Polestar 5 sedan. The nose of the Type 133 is a near note-for-note remake of the Eletre's, but significantly lower and flatter. Frankly, it's a much better execution of the design to these eyes. It has the split headlights and the hexagonal active grille shutters like the SUV, too. Close examination also shows that the upper headlights consist of two scowling lenses on each side, with the upper ones obscured by vinyl camoflage. The low nose rises quickly over a short hood into the long, raked roofline that continues right through to the tail. The Type 133 is absolutely a modern fastback-type sedan, and likely features a hatchback. At the leading edge of the roof, there's a sensor that's presumably for advanced driver aids, and is one of the signs that this car likely is closely related to the Polestar 5, which was previewed with a similar sensor. Around at the back, the Type 133's details are harder to see due to the final taillights not being installed. But it does appear to be getting full-width units, and there are some diffuser-like details in the rear bumper. Besides that aforementioned sensor, the whole car's shape, size and proportions look extremely close to the Polestar 5's and those of the Precept concept that previewed the Polestar. The low nose, long roof, roof sensor, flush door handles, they're all very similar. And with Geely owning both brands, it's not really a surprise. The same electric platform from the Eletre is likely powering the Type 133, and power could range from 595 to 893 horsepower. Battery packs could range from 92- to 120-kWh. With how finished and thinly disguised this prototype is, we think the Type 133 could be revealed sometime this year, possibly going on sale next year.  Related Video:

Kimi Raikkonen moving to Ferrari?

Kimi Raikkonen, easily one of our favorite current drivers in Formula 1, may be making a move from Lotus to Ferrari, according to a Finnish tabloid called Ilta-Sanomat. Raikkonen, who won the driver's championship in 2007 with the Italian brand, is in high demand and is also rumored to have options on the table from Red Bull and his current team.
Of course, a move by Kimi to Ferrari means at least one of the Maranello-based outfit would need to find another ride. Driving ace Fernando Alonso has publicly voiced his displeasure with the Ferrari chassis, and rumors have the Spaniard considering a move to Red Bull to replace Mark Webber. Buckle up, folks, this Silly Season is shaping up to be bumpy...