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Detroit Electric is actually active in Detroit

Here's some news that will make the urban scavengers sifting through the ruins of the Motor City a little disappointed. Detroit Electric, the slow-moving electric-vehicle maker basing their wares off of a couple of Lotus models is employing people in Detroit. And some local vehicle production may follow. The company is working out of Detroit's Fisher Building, which had been empty last year, and says it plans to boost its employee count from eight to about 20 by the end of the year, The Truth About Cars reports. Detroit Electric changed its production plans for the Lotus Elise-based SP:01 last year, moving the manufacturing base of that model to the Netherlands from a production facility in Plymouth, MI, about 30 miles west of Detroit. Right now, the SP:01 is being worked on in Europe, Malaysia's Paultan.org says. That 201-horsepower model can go from 0-62 miles per hour in 3.7 seconds and has a single-charge range of about 190 miles. That model is expected to be priced at about $135,000. Detroit Electric is also working on a 2+2 EV based on the Lotus Evora, and, while government approvals await, the four-seater may be available for sale as soon as early 2016.

Lotus Cars, Williams Advanced Engineering announce technical partnership

Sports car company Lotus announced a technology development partnership with Williams Advanced Engineering, more commonly referred to simply as Williams. Lotus says the partnership will be specifically focused on propulsion systems. And this has us very excited. Lotus doesn't need much introduction; it makes ultralight and spectacular handling sports cars. Williams is a bit more obscure, but it works on some of the coolest vehicles in the world. For decades the company has participated in Formula 1, and still has a team competing. It developed a wild 500-horsepower flat-six engine for Singer, and it worked with Jaguar on the C-X75 concept car and made stunt versions for the James Bond movie "Spectre." The company even has electric car experience with four seasons of Formula E and development work on the Aston Martin Rapide E on its prodigious resume. The subtext of these various Williams projects is that we could see almost any kind of powertrain show up in Lotus sports cars in the future. The companies could have some high-revving, high-output internal combustion engines for the near-term, then they could create electric drivetrains for future Lotus cars. Think first-generation Tesla Roadster but developed by a company with racing experience. Perhaps the two could even create some hybrids in between launches of the two powertrain types. Of course we're speculating, but none of this out of the question considering Williams' capabilities. In fact, since the Formula E experience is specifically highlighted in the Lotus announcement, we bet electric Lotus cars are all but guaranteed. We will be watching for developments with great anticipation. Related Video:

Lotus sells loads more cars, earns way more money

Sports-car company Lotus has reason to be excited. It released some facts on its sales and financial performance for the 2016 and 2017 fiscal year, and it has seen some impressive improvements. According to the company, it sold nearly 60 percent more cars in mainland Europe compared with the 2015/2016 fiscal year, and it sold six times as many cars in the U.S. compared with that year. This helped it go from a loss of GBP16.3 million for the previous year in earnings before interest, taxes, depreciation and amortization (EBITDA) to a GBP2 million profit EBITDA. The fact that those numbers are given before all those extra expenses is noteworthy, though, as it means the company isn't truly profitable yet, despite major gains. The company did report numbers that only excluded tax, and those show the company still lost money. But the good news is that it lost much, much less money than the year before. Before taxes for the 2015/2016 fiscal year, the company lost GBP41.2 million, and this year, it only lost GBP11.2 million. The company expects it will be profitable before tax in the coming year. So Lotus isn't perfectly healthy yet, but this, combined with Geely's recent acquisition, shows it's well on its way to becoming fit as a fiddle. We like the cars Lotus makes, so we hope that things keep getting better, and that we'll maybe get more Lotus models in the future, beyond just the Evora road car and 3-Eleven track car. Related Video: Featured Gallery 2017 Lotus Evora 400: First Drive View 29 Photos Image Credit: Lotus Earnings/Financials Lotus Coupe Lightweight Vehicles Performance