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James Bond Lotus Esprit submarine car headed to auction [w/video]

We've covered many cars from the movies and TV that have made their way to auction (the original Batmobile, good old General Lee and even Bond's iconic Aston Martin DB5), but this one ranks up there among the rarest and coolest. RM Auctions has just announced that the Lotus Esprit submarine car used in the James Bond film The Spy Who Loved Me has been added to the docket for its upcoming auction in London, September 8-9.
Of course, there are dozens of Bond cars floating around out there in collections, but none as unique as this Lotus, which ended a chase scene in the movie by taking a long walk off a short pier and transforming itself into a submersible. Since CGI was a meaningless collection of letters back then, the producers of the film actually built a fully functional Lotus Esprit submarine for the shoot. They hired Perry Oceangraphic in Florida to turn one of their six Esprit body shells into a fully functioning submarine, and former US Navy Seal Don Griffin was tapped for piloting duties. RM Auctions claims the Esprit submarine cost over $100,000 to build at the time, which is about $400,000 in today's dollars.
The submarine car comes with a incredible story, too. After filming in the '70s, it was shipped to Long Island, NY where it was kept in a storage unit that was paid in advance for ten years. When the storage contract ended in 1989 and no one claimed the contents, they were sold off in a blind auction to an area couple who had no idea what they were getting. The car has been shown occasionally in the years since, but its value remained purely speculative, until now. To date, the most valuable Bond car we know of is the original Aston Martin DB5 used in Goldfinger and Thunderball that sold for $4.6 million in 2010, but when the gavel falls at RM Auctions' London sale in September, we'll find out if the car nicknamed "Wet Nellie" on set can beat it.

Lotus to move immediately forward with new variants rather than new models

It took 1.5 years, but a DRB-Hicom managing director told Malaysia's Business Times that the company has "cleaned up" the situation at Lotus from its finances to its marketing and image. The clean-up job we're most interested in, the product portfolio, will be demonstrated by financial investment in a three-year program of "variants based on existing products - variants with improved technology, improved performance."
You'll notice mention of the word "variants" three times but no mention of the phrase "new models." We knew that with the death of the five-new-model turnaround plan dreamed up by ex-Lotus CEO Dany Bahar DRB-Hicom said there'd only be three distinct lines - which is the current number - but during Lotus' trouble-plagued 2012 it sold just 80 cars all year, and for a tense spell it really wasn't clear if DRB-Hicom would commit to even keeping Lotus alive, much less investing in it.
It's not clear how much is being put into in the three-year program of offshoot models like the 345-horsepower Exige S Roadster (pictured), but it might be fair to say this is where Lotus' revival really begins, and does so with baby steps. Autocar reports that DRB-Hicom has already put 100 million pounds into the English carmaker, and as its issues were worked through Lotus has sold almost as many cars in the first five months of this year as it did all of last. That has not only convinced the Malaysian minders to throw more money its way, but the UK's business secretary has also approved a 10-million-pound investment into Lotus through the Regional Growth Facility program.

eBay Find of the Day: 2000 Lotus 340R, claimed only street-legal example in US

These days most of the news out of Lotus comes when it releases a lighter or faster version of the Elise, Exige or Evora. However, the stripped-out, Elise-based 340R might already show the logical conclusion of that concept, despite coming out in 2000. Now, one of the 340 made is up for auction on eBay Motors, and the seller in Fort Lauderdale, FL, claims that it's the only street-legal example available in the US.
Lotus founder Colin Chapman always had an obsession with making his vehicles as light as possible, and the 340R adhered to that adage about as closely as a street car could in 2000. These minimalist roadsters eschewed opening doors, windows and a roof in the pursuit of cutting the fat off the brand's hardly portly Elise. The company's engineers also trimmed away the fenders to give their creation a semi-open wheel design that looked as wild when new as today. For the interior, they installed two racing buckets, and the most of the rest was left in bare metal, including the pedals. All of the changes reportedly brought the 340R down to around 1,545 pounds.
Power comes from a 1.8-liter four-cylinder with a five-speed manual gearbox. The 340R is available with 177 horsepower or a tuned 187-hp version from that mill, but the seller doesn't specify which one this is. It's still a pretty fresh car, though, with just 3,577 miles claimed on the odometer.