1980 Lotus Eclat V8 No Reserve Auction on 2040-cars
Littleton, Colorado, United States
Introduced in late 1975 a year after the polarizing Elite, the Eclat was designed to be a sportier version with a lower price point. Within a few years it had become the preferred version and it superseded the Elite completely. It was far better looking and was soon appointed the same way as the supposedly more upmarket Elite. This Lotus Eclat VIN #80010140U is one of only 20 imported to the USA in 1980. Rolls Royce the importer for Lotus in the USA in that year didn’t even sell all of them due to its $30,600 sticker price. It is also truly an example of the era that still turns heads with the undeniable look & sound of an ‘80’s supercar, bearing a strong resemblance to a Ferrari 308 GT4. The Eclat is perhaps the least common of any Lotus today with fewer than 500 ever imported during its eight year production run. This car’s original four cylinder engine was replaced after a stuck throttle grenaded it. As the engine bay was originally designed to take a doubled version of that engine, a Rover 3.9 V8 fit perfectly and actually weighed just over 30 pounds more than the four. It cruises well at 80 and gets there fast. A true long distance GT, I drove it from New Hampshire where I bought it, to my home through 14 states the first week of September 2012 and averaged over 22 miles per gallon! The car sounds like a NASCAR stocker and pulls as strongly as it sounds. It cruised at about 2,650 rpm in 5th at 80mph and has plenty of grunt to accelerate at that speed. It handles like a Lotus should, and it rides and drives comfortably and straight; as I said, it is a great road car. I am selling it now because I have moved to a new home and lost my ample storage. I only have room for my Seven and Elans. When I bought it I was impressed with the story told by the seller and thought it would be the perfect counterpoint to my older smaller Lotus cars. The reality is I haven’t driven it much and so with no storage space it is the one that has to go. Here is the seller’s story from the summer of 2012: “This car has been a labor of love over the last ten years. I am truly hoping the car will be purchased by someone who will cherish her as much as I have, and will be able to complete the small issues that will make her perfect. I have only put about 5200 miles on the car since its conversion, and have no idea how many miles were originally on the car since the odometer was not functioning when I got it. In the last ten years I have spent over $25,000.00 on upgrades. The Rover V8's torque is a vast improvement over the original Lotus slant four. I spent over $5,000.00 on the engine rebuild alone (not including the installation). The engine uses an Isky 621282 Cam, and Edelbrock 500 CFM Carb mounted on a Buick 215 four barrel intake manifold. The TKO 600 five speed transmission was over $2,000.00, not including the addition of the required electronic Speedometer to match it. I have replaced the fragile clutch cable with a hydraulic system, using a master cylinder mounted to a high performance floor mounted clutch pedal. The ignition uses an MSD 6 AL box, MSD Coil, Pertronix PE D175510 distributor, high performance cables, and an Optima red top battery (mounted in the trunk). The new exhaust includes stainless Magnaflow mufflers, and chrome tips. The V8 conversion was originally performed by George Squire, of "Former Glory Racing" in Connecticut, and additional upgrades were done by "Mom's Garage" in Manchester NH. The suspension includes Spax adjustable Coil-Over Shocks, and all new bushings. There are also four new Falken Ziex ZE-512 tires on the car.” That’s the story that sold me and I really have enjoyed the power and cruising ability of the car. Now for the not so good news:
Even with these shortcomings the car is still very usable and all these things are repairable by a good home mechanic except possibly for the A/C issue. The extra parts I am including are: Lotus Eclat shop manual, second set of original Lotus rims, Eclat Windshield, extra low profile air filter, used power steering rack (in the brown paper in the boot for buyer to have rebuilt), and brand new bumper covers, miscellaneous small parts including dash switches, and gauges, touch up paint, and extra leather dye. The car is being offered with the parts included. These parts are worth over $2,000.00 together and I have no interest in selling them separately as I know the car needs them. This car is a great deal for anyone who is mechanical and has time to work on it. I wouldn’t hesitate to drive it back across the country today. |
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Race Recap: 2013 Indian Grand Prix mostly calm with chances of Championships
Mon, 28 Oct 2013The smog around the Buddh International Circuit got so bad over the weekend that the FIA had to change the practice sessions. Then the soft tires that Pirelli brought to be the options were found to degrade so quickly that teams had to change their qualifying and race strategies. The only man it didn't seem to affect was - guess who? - Sebastian Vettel, who put his Infiniti Red Bull Racing on pole position.
Behind him came Nico Rosberg and Lewis Hamilton in the Mercedes-AMG Petronas, Mark Webber in the second Infiniti Red Bull and on medium tires, Felipe Massa in the first Ferrari, Kimi Räikkönen in the first Lotus, Nico Hülkenberg in the first Sauber, Fernando Alonso in the second Ferrari, and the McLaren duo of Sergio Perez and Jenson Button. The tire strategizing didn't work out for Romain Grosjean in the second Lotus, who didn't get out of Q1 after only running the medium compound tire and lined up 17th.
The Indian Grand Prix has been held twice and Vettel has led every single lap of both races. If nothing else, we knew there would be at least one new thing about this Indian Grand Prix: there'd be a lap not led by Vettel since he qualified on softs and would have to pit before Webber and Alonso who were both on mediums.
Lotus will go public via SPAC with $5.4 billion valuation
Wed, Feb 1 2023Lotus Technology, the electric-car maker owned by China’s Zhejiang Geely Holding Group Co., agreed to merge with a blank-check company in a transaction that values the combined entity at about $5.4 billion. L Catterton Asia Acquisition Corp. will combine with the EV making subsidiary of the British carmaking group that Geely acquired back in 2017, the two said in a statement Tuesday. The special purpose acquisition companyÂ’s sponsor has ties to Bernard Arnault, the worldÂ’s richest man. Lotus Tech has been looking to go public since at least early last year. Management may have been encouraged by another luxury auto brandÂ’s recent listing: Porsche AG pulled off EuropeÂ’s largest initial public offering in a decade when it debuted in Frankfurt in September. A week later, Porsche overtook Volkswagen AG as EuropeÂ’s most valuable automaker. Rather than go the IPO route, Lotus Tech will merge with a SPAC whose sponsor combined with the private equity operations of ArnaultÂ’s luxury-goods powerhouse LVMH in 2016. LVMH is a passive minority investor in L Catterton, according to a spokeswoman. Arnault overtook Tesla Inc. Chief Executive Officer Elon Musk as the worldÂ’s richest man last month — the first time a European claimed the top spot on the Bloomberg Billionaires Index. While Group Lotus is tiny compared to Tesla, Geely has been steering it away from combustion engines and has several all-electric models planned for the coming years. Lotus Tech sees itself as a competitor to the likes of Ferrari and Aston Martin, and will get a jump on the first electric models from those brands. Lotus unveiled its all-electric Eletre sport utility vehicle last year and plans to launch a rival to PorscheÂ’s popular Taycan EV in 2023. Geely and other owners are expected to retain an 89.7% shareholding in Lotus Tech after the SPAC merger. GeelyÂ’s billionaire owner Li Shufu also controls Swedish carmaker Volvo Car AB and owns stakes in GermanyÂ’s Mercedes-Benz Group AG and the UKÂ’s Aston Martin Lagonda Global Holdings Plc. Deutsche Bank AG advised Lotus Tech on the deal, while Credit Suisse Group AG acted as capital markets adviser to the SPAC. Related video: Featured Gallery Lotus Eletre View 25 Photos Earnings/Financials Green Lotus Electric Luxury Performance
Lotus reveals extreme new 3-Eleven at Goodwood
Fri, Jun 26 2015Lotus has taken the occasion of the Goodwood Festival of Speed to reveal the new 3-Eleven. Billed as the quickest, most expensive road-going series production Lotus ever, the new 3-Eleven picks up where the previous 2-Eleven left off. And that gave the British automaker quite a starting point. An extreme evolution of the Elise and Exige, the new 3-Eleven boils things down to the bare essentials and packs a mighty punch. It's built around an aluminum chassis with composite bodywork and a completely open cockpit. That gives it a curb weight of less than 2,000 pounds to embody Colin Chapman's ethos of "adding lightness" like no other modern Lotus we've seen yet. At its heart lies an upgraded version of the company's 3.5-liter supercharged V6, producing 450 horsepower and 332 pound-feet of torque. That makes it even more powerful than the new Evora 400, and channels through a six-speed manual transmission, limited slip differential, and traction control. Other features include double wishbone suspension front and rear, Eibach springs, adjustable Ohlins dampers, AP Racing brakes, a Lotus-tuned Bosch ABS, 18-inch alloys up front, 19 inches the rear, shod with Michelin rubber. All of those goodies translate to a 0-60 time of under 3.0 seconds and a top speed of up to 180 miles per hour. It's even quoted to lap the company's test track at Hethel in 1:22. That makes it an impressive ten seconds seconds faster than the aforementioned Evora 400 – which is already six seconds faster around the circuit than the preceding Evora S. Production will be limited to just 311 examples, and is slated to commence in February 2016, with the first deliveries to begin in April. Any potential for North American availability has yet to be announced, but in the UK pricing will start at GBP82,000 (equivalent to $129k at current exchange rates). A more extreme Race version will be offered alongside the Road model, priced at GBP96,000 ($150k) before taxes or GBP115,000 ($180k) with, upgrading with track-focused features like a more aggressive aero kit, six-point racing harness, and a six-speed sequential gearbox.