1988 Lotus Esprit Turbo.red, Nice Condition.a Fun Affordable Exotic Sports Car. on 2040-cars
Fresno, California, United States
Body Type:Coupe
Vehicle Title:Clear
Engine:4 cyl TURBO
Fuel Type:Gasoline
For Sale By:Dealer
Year: 1988
Interior Color: Tan
Make: Lotus
Model: Esprit
Trim: RED
Options: Sunroof, Leather Seats, CD Player
Drive Type: RWD
Power Options: Air Conditioning, Power Windows
Mileage: 51,371
Sub Model: Esprit Turbo
Exterior Color: Red
Warranty: Vehicle does NOT have an existing warranty
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1988 Lotus Esprit Turbo. A nice Lotus for sale. The car drives well, handles and stops well too. The interior is stock, with normal wear for the age of the car. The power windows work, gauges all work, lights all work. It has it's original owners manual and shop manual. The car is rust free, the paint looks nice with normal/expected minor chips/scratches/fiberglass body stress etc. The rims are stock OZ, tires are Pirelli and have 80% tread left. The timing belt looks like new, the clutch feels good, the a/c system needs service/repair. Excellent performance at an affordable price. The Lotus has a clean and clear California title, and has recently passed smog test. If you have any questions, other than "what's your reserve/buy it now price", you are welcome to contact us through eBay. You can also contact me anytime between 10am-5pm California time on my cell# 559-801-8623. NOTE: zero feedback ebayers must contact us before making a bid, otherwise those bids will not be accepted. The car is sold as-is and as equipped. However, you are welcome to come see and/or have the car inspected before the end of the sale. Payment is due in full within seven days. California buyers and all in-state sales are subject to sales tax, doc., smog and lic. fees. In California, all vehicles over ten years old are sold miles 'exempt'. Transportation is the responsibility of the buyer. |
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Auto blog
Former CEO Bahar files $10.6M suit against Lotus
Mon, 27 Aug 2012File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some $10.6 million, claiming that the automaker and its Malaysian owner, DRB, broke the law when they dismissed him. According to a report by Bloomberg Businessweek, DRB and Lotus will defend themselves in court rather than settling, including filing a countersuit against the former top executive.
Bahar, 40, was canned on June 7, about two weeks after Lotus suspended him pending an investigation into his conduct. The report cites a Kuala Lumpur stock exchange filing as its source of the information; the filing also indicates that DRB has decided against selling Lotus, despite continuing losses.
Lotus spotted testing more extreme Elise on the Nordschleife
Tue, 19 Aug 2014If we had a nickel for every version of the Elise that Lotus has rolled out over the years, we might actually have enough spare change to buy one ourselves. And we're not even talking about the entire separate models (like the Exige and Europa) that Lotus has based on the Elise's platform or the other automakers' cars (like the Tesla Roadster and Hennessey Venom GT) that have used the same. And now Lotus appears to be testing another one.
Spotted lapping the Nürburgring, what we're looking at here appears to be the track-bound Elise S Cup R, but our intrepid paparazzi by the side of the track tell us it's missing the switches for the battery isolator and fire extinguisher. In their place, this Elise is wearing an even bigger rear wing as part of an altogether rather aggressive aero kit - not to mention a rockin' matte red wrap.
All of these telltales make us think Lotus has something extreme in the works, and we could find out what exactly it is as early as the Paris Motor Show in October, so stay tuned and watch this space.
Renault paid GBP1 to buy back its F1 team
Tue, Dec 29 2015Running a Formula One team is anything but cheap and straightforward, but it didn't cost Renault much to reacquire the Lotus team from Genii Capital. In fact, according to the latest reports, the French automaker paid just GBP1 – less than a buck fifty – for the privilege. Still, the process was deeply complicated. The reason Renault was able to get it so cheap is because the team was deeply in debt, part of which Renault will now assume. Less than a year ago, the team was said to be nearly $200 million in the red, and just a few months ago Renault came to its rescue to pay a $4 million tax bill to the British government. Under the terms of the new deal, Renault will assume the debt that the team's previous owners had accrued, but will be spared the nearly $150 million which its stakeholders loaned to the team. The history of the outfit based in Enstone dates back to 1981 when it was founded as Toleman Motorsport. French fashion giant Benetton bought the team in 1985, which in turn sold it to Renault in 2000. A decade later, after two world championship titles, Renault began stepping back its involvement in the team and gradually transferred ownership to investment firm Genii Capital, which has run it ever since under the Lotus name that it secured from the automaker under contract until 2017. Unable to fund a competitive team, Genii has now sold the team back to Renault, but the financial intricacies of the deal are far from straightforward. To start with, Genii and its subsidiary Gravity Motorsports (the team's parent company) didn't hold all the shares in the operation, so it bought back over 6 million shares from Whiterock Alliance to add to its own 60 million shares. The vast majority of those shares were then transferred (for that princely sum of GBP1) to Gringy (UK) Ltd, the shell company that technically owned the team in its Benetton days. Gringy (a wholly owned subsidiary of Renault) will hold a 90-percent stake in the team, with the last 10 percent remaining in Genii's hands and those of its investors. In the process, the outfit will now rejoin the likes of Ferrari and Mercedes among the F1 teams developing their own powertrains. Related Video: News Source: Motorsport.comImage Credit: Dimitar Dilkoff/AFP/Getty Earnings/Financials Motorsports Lotus Renault F1 genii capital
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