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Lotus will kill Elise, Exige and Evora to make room for the new Type 131

Lotus ended years of speculation by announcing it will begin rejuvenating its range when it releases a new model in 2021. Known as the Type 131 internally, its arrival will mark the end of the Elise, the Exige and the Evora. Although the three aforementioned models are showing their age, putting them out to pasture at about the same time is a surprising move because they're currently the only cars in the company's lineup. Saying that the Type 131 will have big shoes to fill is an understatement; it will blaze the path that a full family of new cars will follow. Official details about the 131 are few and far between, but an earlier report sketches the outline of a driver-friendly sports car powered by a mid-mounted engine. While it won't stray far from the lightness and the nimbleness that Lotus is famous for, it will be equipped with more tech than even the Evora, which offers a more comprehensive list of features than the track-inspired Exige and the back-to-the-basics Elise. Insiders have claimed that the 131 will be built on a new modular platform, and that it will not use any kind of electrification. Lotus released an image that shows the Evija (an electric, 2,000-horsepower halo car strictly limited to 130 units globally) next to three enigmatic cars hidden by a cover; one is presumably the 131. Another might be the battery-powered model that it's developing jointly with Renault-owned Alpine. As for the third, your guess is as good as ours. We know that the British firm is developing a Volvo-based SUV, but it's not pictured in the lineup. News of a new Lotus model will bring joy to enthusiasts and economists alike. The company is investing over 100 million British pounds (about $136 million) into its Hethel, England, facility, and it will hire about 250 employees to bring the 131 to the market. Most of the recruits will work in engineering and manufacturing. Lotus noted that it hopes to start building prototypes of the Type 131 — an internal designation that will likely not appear on the production model — in 2021. We don't know if deliveries will also begin this year, or if they are scheduled to start a little later. Regardless, it will be worth the wait. Lotus told Autoblog that all of its future cars will be engineered for global markets, and that its intention is to sell the Type 131 in North America. Related video:

Lotus bankruptcy case dismissed in UK

Times have not been easy for Lotus lately, so when its name came up on a list of companies scheduled for a liquidation court, it seemed like the end could be near for the fabled British builder of lightweight sports cars. As it turns out, Lotus was on the Companies Court Winding Up list in the UK due to a contractual dispute with a supplier, and the High Court has since dismissed the case.
According to Autocar, Lotus and the supplier actually resolved their issue earlier in the year, but the process couldn't be stopped until seen by a judge. The report says that the case was initiated when Group Lotus failed to pay some of its debts, which is probably a fair indication that Lotus is far from out of the weeds in regards to its financial difficulties.

Lotus reveals extreme new 3-Eleven at Goodwood

Lotus 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.