2006 Lotus Exige Supercharged With Tons Of Extras. Under 12k Miles on 2040-cars

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European commission investigating F1 finances and anti-competitive accusations

The Kingdom of Formula One reminds us of renaissance Florence - ruled by a singular chieftan behind a mask of representative involvement, rife with spectacularly convoluted machinations, awash in innovations that help define our world and far-flung, vindictive misery. If we found out Bernie Ecclestone's real last name was de Medici, well, it would explain a lot. Now after a bit of back-and-forth, the European Commission (EC) has taken aim at the kingdom, investigating whether F1 is anti-competitive and if the FIA has abused its antitrust agreement. The reason for EC scrutiny is that a British member of the European Parliament who represents an area in southwest England, Anneliese Dodds, has fielded complaints from engineering companies in her constituency that recent moves in F1 have put them out of business. She wrote to the EC to question why the FIA now has a stake in F1 when it signed an agreement in 2001 to be solely a governing body and abdicate any stakeholding in the sport. She also questioned the F1 Strategy Group, a group of the six top teams in F1 that makes decisions about the direction of the sport; she says that the Strategy Group not only appears to be a case of the F1 shirking its rule-making duty, it has resulted in unfair treatment of the small teams that aren't in the group. Dodds has a bit of a point. In 2001, the FIA sold F1's commercial rights to Ecclestone for 100 years for a sum of $313.7 million. That was done to placate European regulators who insisted that "the role of FIA will be limited to that of a sports regulator, with no commercial conflicts of interest." Although the rights are ultimately owned by the FIA and bring in a $10M fee every year from Formula One, those rights bring in $1.6 billion each year to Formula One Management (FOM), the company that owns F1. When Ecclestone was trying to get the new Concorde Agreement signed in 2013 that governs the running of the sport, the FIA wouldn't sign, saying it wanted F1 to share a larger slice of its revenue – the FIA has been losing money for years, see. To the get the FIA to sign, Ecclestone sold it a one-percent stake in F1 for $460,000 and gave the FIA a $5M signing 'bonus;' whenever F1 has its IPO, that stake is estimated to be worth about $120 million - not a bad return. Yet, according to the aforementioned 2001 agreement, the FIA can't have that equity stake.

2022 Lotus Emira revealed with two engine options, Evija-inspired looks

The final internal-combustion-powered Lotus has been revealed: the 2022 Lotus Emira. The styling looks like a blend of the outgoing Evora and the all-new Evija electric car. It also features two choices of engine, one of which comes from AMG. The Emira's nose has the closest resemblance to the electric car, particularly in the headlights and the vent openings on either side of the hood. But the whole car has a softer, more rounded shape like the EV rather than the old Evora. It has very large intakes on each side, and a slim, wrap-around taillight at the back. The body fits over a typical Lotus bonded-aluminum chassis, and the company says the lightest version of the car will weigh around 3,100 pounds. Two kinds of suspension are available, the standard Tour setup and an optional and stiffer Sports version. Also noteworthy is the inclusion of hydraulic power steering, rather than electric. Powering that chassis is your choice of engines. It will launch initially with the same supercharged 3.5-liter V6 from the Evora. Next summer, it will be offered with a turbocharged 2.0-liter four-cylinder from AMG. Lotus says three transmissions will be available: manual, automatic and dual-clutch transmissions. It didn't say which pairings of engine and transmission would be available, but we expect the V6 to get the manual and automatic options, while the four-cylinder gets the dual-clutch transmission (just as it does when in Mercedes A-Class-related cars). The company also says power will range from 360 to 400 horsepower. This will get the car from 0 to 62 mph in under 4.5 seconds. The interior is fairly minimalist, but definitely more advanced than recent Lotus offerings. Most surfaces are covered in fabric, leather or Alcantara. It has two screens for instruments and infotainment. The former has a 12.3-inch screen, and the latter has a 10.25-inch touchscreen. Features include Apple CarPlay and Android Auto. There's only seating for two, and cargo space is split between a 5.3-cubic-foot trunk and a 7.3-cubic-foot area behind the seats. The Emira was revealed this week at the Goodwood Festival of Speed. Pricing for the U.S. has not been announced, but it will cost under 72,000 Euros in Europe. That comes to around $85,000 in the United States. We should know more about specifications and pricing closer to when it goes on sale sometime this year.

Lotus Evora update coming, new models still on hold

The trials and tribulations at Lotus over the past several years haven't put the company in best financial position, and after the dismissal of Dany Bahar as CEO, the automaker seemed rudderless. Jean-Marc Gales (pictured above) is the new captain at the helm of the British sports car brand, and he seems like the complete opposite of Bahar. Where the former boss was hugely ambitious (perhaps overly), the current CEO has crafted a plan for a gradual turnaround under what he called a "logic-based" recovery in a recent interview with Autocar. The most logical part of Gales' plan is focusing on what Lotus can actually do. Instead of launching new products, he wants to continue to refine the current lineup. "We won't have the funds to build all-new cars in the next few years," he said to Autocar. The biggest of these updates includes a heavily revised Evora with more power and less weight to debut at next year's Geneva Motor Show. An even lighter-weight Cup model is planned for later. The Exige will get a revision in 2016. Gales also hints that a future, feather-light model like the 2-Eleven is on the docket, and a crossover is on the drawing board, according to Autocar, though not yet green lit. North America is also a priority. Lotus is forever linked to founder Colin Chapman's axiom to add lightness to the brand's models, and Gales is continuing that history with the Lightweight Lab. According to Autocar, in this huge room the company's models are completely disassembled with each part labeled. The entire staff is invited to come in and make suggestions on places to reduce weight and lower costs. "This brand is like a sleeping princess, but I believe she is starting to wake up," Gales said to Autocar, but he's keeping sales projections modest. Gales wants annual numbers to increase from about 2,000 units this year to 3,000 in 2015 with his streamlined workforce but intends to keep figures at that level for a bit, while the company stabilizes.