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Lotus signs joint venture agreement with China's Goldstar

Lotus and China's Goldstar Heavy Industrial Company are forming a joint venture that will bring the historic British sports-car maker into the country. "The collaboration seeks to accelerate the development of Lotus cars in the premium sports segment in China," according to the announcement. The JV will include research projects on efficient and advanced technology, and ultimately lead to sales of cars there, Lotus said. China's auto market is no longer experiencing the double-digit growth of the past, but it still continues to expand. Meanwhile, Lotus saw sales jump 55 percent in the last fiscal year and it opened 36 new dealers, according to CEO Jean-Marc Gales. The joint venture announcement also hints at the possibility of Chinese-made models, but it shouldn't dilute the brand. Lotus is clear that core vehicles like the Evora, Exige and Elise would remain exclusively in production at the headquarters in Hethel, England. Just a couple years ago, Lotus appeared to be on its deathbed after losing a quarter of its workforce, but since that setback the company has started to crawl back. PROTON, LOTUS GROUP AND GOLDSTAR SIGNED JV AGREEMENT KUALA LUMPUR – PROTON Holdings Berhad ("PROTON") the ultimate holding company of Lotus Group, announced that it has signed a Joint Venture ("JV") Agreement with Lotus Group International Limited, United Kingdom ("Lotus Group") and Goldstar Heavy Industrial Co. Ltd. ("Goldstar") for a possible business expansion of Lotus cars in the People's Republic of China. The collaboration seeks to accelerate the development of Lotus cars in the premium sports segment in China, leveraging on the incentives offered by the Fujian Provincial Government. Both PROTON and Lotus Group are subsidiaries of DRB-HICOM Berhad. Signing on behalf of PROTON was the Honourable Tun Dr Mahathir Mohamad, Chairman of PROTON and former Prime Minister of Malaysia and witnessed by Dato' Abdul Harith Abdullah, Chief Executive Officer of PROTON. Signing on behalf of Lotus Group International Limited, United Kingdom was Jean-Marc Gales, Chief Executive Officer and witnessed by Mr Rohime Shafie, Director of Lotus Group and Chief Financial Officer of PROTON; and signing on behalf of Goldstar was Mr Zheng Qianghui, Chairman of Goldstar and witnessed by Mr Zhai Wenliang, President of Goldstar.

Race Recap: 2013 German Grand Prix is old beginnings, new endings [spoilers]

Just like at Silverstone last weekend, the German Formula One Grand Prix started with Lewis Hamilton putting his Mercedes-AMG Petronas on pole. The only thing missing at the pointy end of the grid was his teammate Nico Rosberg, who lined up beside him in England but back in 11th in Germany because of a team error in qualifying. So instead it was Vettel in the first Infiniti Red Bull in second, his teammate Mark Webber in third, the Lotus duo of Kimi Räikkönen and Romain Grosjean.
Again, just like at Silverstone - and Canada - Daniel Ricciardo used his magic beans to impress with the Toro Rosso, lining up in sixth, followed by Felipe Massa in the first Ferrari, Fernando Alonso in the second. Jenson Button in the McLaren, Nico Hülkenberg finished up the top ten.
When the lights went green, it didn't take long for the race to become a black-and-blue affair...

Lotus Evija X track special appears in spy photos at the Nurburgring

Few people would say the Lotus Evija is lacking in performance. It's meant to make just shy of 2,000 horsepower and is light for an electric car at around 3,700 pounds. But apparently Lotus wants to go further. These spy shots reveal a wild track-only special that's clearly labeled the Lotus Evija X testing at the Nurburgring. We're assuming this X will be substantially lighter than a regular Evija. It has a bare carbon body with seemingly fewer individual pieces. The headlights are gone and so are the rear windows. The interior appears gutted, too. That carbon body is far from stock, too. It's much wider and has all manner of downforce-producing add-ons. The front has a massive front splitter and canards and cutouts above the front wheels. The sides even have wide splitters with struts. And the X's crown aero accessory is that enormous wing that rises well above the roof.  The wide body also encompasses fat slick racing tires that are almost certainly not street legal. They bear the Pirelli P Zero name on the sidewalls, and they're wrapped around center-lock wheels. AP Racing brakes are tucked inside. There are of course plenty of questions surrounding the Evija X. It's definitely a track-only machine, but is it a one-off, or is it going to be sold in extremely limited numbers to select buyers? Maybe Lotus wants to take the Evija racing? Though it seems more like a rules-be-damned type of car like the Pagani Zonda R. Or maybe the Volkswagen ID.R, the fastest electric car to lap the 'Ring, would be a closer analogue to the Evija X. The spy photographer that provided these photos said the track was rented out for the day by Lotus, and some sort of notary was on hand, likely to certify a lap time. If Lotus is gunning for an EV lap record there, the Evija R is going to be outrageously fast. The ID.R's time sits at a shocking 6:05.336. And if the Lotus tops it, it would become the second fastest overall car at the 'Ring. We'll definitely be looking forward to more details and an eventual lap time. Related video: