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Lotus to receive $16M government grant

Troubled British automaker Lotus is getting a second infusion of cash following a 100-million-pound ($161.5-million) investment by its parent company DRB-Hicom that was made in August. The substantially smaller investment, a mere 10 million pounds ($16.2 million), comes from the British government's Regional Growth Fund.
The fund, which is part of a 3-billion-pound ($4.8-billion) fund to spur economic growth in the UK, will allow Lotus to invest even further in research and development as it seeks to reinvent its lineup of lightweight sports cars. The fund will also allow the UK-based outfit to provide further training for its new crop of employees.
"This grant is part of a wider strategy for Lotus created to ensure we thrive and grow. We are responding to increased global demand for our cars and engineering consultancy services and this grant will help to position Lotus as the forefront of global automotive innovation," said Aslam Farikullah (shown above with UK Business Secretary Vince Cable MP), the chief operating officer at Lotus.

Lotus teases its sleek Type 130 electric hypercar

Lotus has shown a teaser image of a new concept, which will usher in the automaker's electric era. The Type 130 hypercar concept will be shown later this year in London, but this aerodynamic teaser is the first glimpse at its shapely flanks. The Type 130 is said to be in "advanced stages of development." According to Lotus, the Type 130 will spawn a production version, which will be the brand's first all-new vehicle in 11 years. It will be partially bankrolled by Lotus' parent company, the Chinese carmaker Geely, which also owns Volvo. Despite that, the hypercar will not be built in China, but in England. An earlier Autocar article estimated the eventual price at around $2.6 million. Last month, news broke that Lotus is also bringing another new car to market, but that one is likely to retain internal combustion technology along with engineering ties to older Lotus architecture, as it forms a sort of "bridge" between current Lotus products and its future cars. Hence, it can't be called "all-new" in the same sense as a fully electric halo model can. Lotus also noted some of its "firsts" when informing the media of the upcoming concept, which it calls "the world's first full-electric British hypercar." The 1995 Elise was the world's first aluminum and bonded extrusion construction production car, while the 1957 Elite was a production first in the sense that it first brought the composite monocoque within the reach of customers. Between those, there was a lot of groundbreaking F1 knowhow: ground effects for the '77 Type 78 F1 car, carbon fiber for the '81 Type 88, and active suspension in 1983.

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: