Autocar:Lotus is forging ahead with a new Elise and new Esprit, with predicted production dates of 2011 and 2012.
The Elise is most likely to be a development of today’s car, rather than a variant of the new Evora, which has a very different alloy chassis, and is heavier. Insiders say the Elise may be seen late in 2010, but sales won’t start until 2011.
Production of the Esprit is dependent on sufficient funds being generated by the Evora and, possibly, cash from an outside investor.
Can you elaborate on the outside investor?
The Malaysian government has up until now been the Lotus backer.
Here is a further qouote from a channel 4 article
( http://www.channel4.com/4car/news/news-story.jsp?news_id=16636 )
After seeing Mike Kimberley's turnaround plan, parent company Khazanah
recapitalised Lotus in March and wrote off £100m in debt, making that
sum available for the new cars' development. 'They've had more patience
with Lotus than I would have had,' he says, 'and now we're building a
UK auto industry again. Not that the UK government cares.'
As I'm sure you know lotus is 100% Malaysian owned.
When you say outside investor do you mean Khazanah? (The Malaysian government)
Or is there another entity out there supplying investment?
John Mansfield