There is a common belief that a used vehicle is worth more in its parts as opposed to being in a whole. In the virtual world, what would you imagine the price is for parting out an AC Cobra, a custom 1930s Ford Hot Rod or even a DeLorean? It’s difficult to surmise the cost […]
In the United States, Monday night in September is typically spent watching a football game. Hours before the kick-off for the September 9th NFL football match, it was nighttime in London where day two of a car-related event sailed towards the end zone with gusto. The 2013 RM Auctions in London opened with the sale […]
It’s not often we get to see genuinely iconic cars go up for sale, especially one driven by James Bond himself. But that’s exactly what’s about to happen. In early September, what may be considered one of the most iconic film cars of all time is lining up for the auction block – the Lotus […]
In 2010 Lotus announced an ambitious new plan at the Paris Motor Show. It included a few different models: Elite, Eterne, Elise, and Esprit. For years, Lotus had focused on light-weight and go cart-like models such as the Elise and Exige. The problem is that they just weren’t profitable. Lotus needed to expand it’s sales […]
It’s no secret that Lotus has been experiencing some difficulties. The trouble began earlier this year when investment firm DRB Hicom purchased a stake in Proton from the Malaysian government. Proton was owned by the Malaysian government for years, and DRB Hicom’s purchase put a hold on Lotus development and production. Following this, Chief Executive […]
Lotus has seen its share of problems lately – a change in ownership, a research and development freeze, and an allegedly scandalous departure of its Chief Executive Officer Dany Bahar. Former CEO Bahar championed an ambitious product plan for the British sports car manufacturer. Big chunks of that plan are in doubt, but production continues […]
Go big or go home. That was the philosophy that dominated Lotus’ thinking over the past few years. Bob Lutz was brought in to serve an advisory role and he deemed that the only plan to survive in the future. For years the automotive press has fawned over lightweight and fun models like the Elise […]
Lotus has big plans for its future. While we thought it found a successful niche with the Elise over the past decade, the company consistently lost money for its parent Proton. In order to have a hope of succeeding, something had to change. Dany Bahar was brought in from Ferrari as Chief Executive Officer and […]
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