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Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs

The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.

Countach Sets Record Auction Price

A 1982 Lamborghini Countach was the highlight at a recent historics auction at the famous Brooklands Museum. The Countach was clearly the sale star, soaring to nearly three times its reserve price and settling at what is believed to be a UK auction record for this model, at £337,120 including commission and tax. The auction hall was treated to a struggle between bidders for ownership of the 8,500 mile car, which has been in professional storage for the last 23 years.

SEAT hints at new Nurburgring lap record

Repeated references to the Nurburgring during the press conference at the launch of the new SEAT Leon Cupra strongly suggest that the 280hp hot hatch has broken the front-wheel drive lap record. SEAT is waiting until the 2014 Geneva Motor Show before saying any more, but has already hinted that its new Leon Cupra is significantly faster than the current Renaultsport Megane record holder. On Bing: see pictures of the new SEAT Leon Cupra at the Nurburgring SEAT Leon Cupra and Cupra 280 review (2014 onwards) To set a new front-wheel drive production car record on the Nordschleife, the SEAT Leon Cupra would have to lap the 13-mile circuit – actually a public toll road that now plays a vital part in new car development – in less than 8 minutes and 7.97 seconds.