Lotus has decided to abandon its five year plan just two years after it exhibited the sensational sports concept cars to the world at the Paris Motor Show 2010. However the new owners have dropped the previous Norfolk firm’s idea and in 2014 it will be launching just one car, which is likely to be the Lotus Espirit supercar.
According to a source the older DanyBahar plan is no longer feasible. He was referring to the former Lotus chief who was dismissed in June.
The company saw a gradual change as its parent company Proton was sold to a Malaysian firm in January. The investment of about $270 million from proton was compromised and future looked diminished. But now Lotus look much safer after the Malaysian Firm DRB made commitments to the company. From the sources it is said that the investment money is now not frozen and firm has also pumped an additional amount of $100 million to support the company.
The Malaysian Firms look quite serious about reviving the company back on knees.
The five cars that appeared at the Paris Motor show included a new Elise with a twin turbo engine, a folding hardtop coupe and a four seater GT. However Espirit was the only vehicle to be developed before the model expansion and is powered by the V-8 engine developed by Lotus itself. New variants of the current cars are also on the list.