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 Within a few years it had become the preferred version and it superseded the Elite completely.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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Lotus to receive $16M government grant
Mon, 25 Nov 2013Troubled 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 recalling certain 2011 Evora S models for possible oil leak, fire
Mon, 29 Jul 2013Last year about 80 examples of the 2011 Lotus Evora S were recalled over an issue with the oil feed pipe. The same number of 2011 Evora S', but with different manufacture dates, are back in the recall box again for a very similar issue; this time it's the engine oil cooler hose that could rupture and spray oil either onto the rear wheels or a hot engine part. Neither of those cases is good, and the latter could potentially lead to a fire.
Lotus is working on a solution, so a recall date hasn't been announced. The bulletin below from the National Highway Traffic Safety Administration has more information.
Lotus settles with ex-CEO Dany Bahar, avoids London High Court
Sun, 25 May 2014Five years after it began, it appears the Dany Bahar tenure at Lotus is finally over. After former Lotus owner Proton brought in the ex-Ferrari and Red Bull marketing savant to run the company in 2009, everything had gone pear-shaped by 2012: Proton had been sold to Malaysian auto supplier DRB-Hicom, who suspended Bahar and then fired him for what it said were expense-account transgressions (although Bob Lutz reportedly said something different).
The separation led to the expected suit and countersuit, Lotus going after Bahar to get its money back, Bahar filing a $10.6-million suit againt Lotus for wrongful termination and potential bonus money. The case was set to go to trial next month but both parties have settled, the terms undisclosed, a DRB-Hicom statement saying only that "the parties involved in the legal suit have signed a Settlement Agreement and Release... and have agreed to withdraw their claims against each other."
Now that that bit of housecleaning is all cleared up, can new CEO Jean-Marc Gales please get our Esprit?