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51 minutes ago, Loquacious Lew said:

We all agree Lotus cars are great fun,  different and better than the reputation they bear but for those of us invested in Lotus by dint of our purchases,  the situation appears static and there is no guarantee that buying a new Lotus Evora today will result in a happy motoring/ownership experience  five years from now.    We buy the cars here despite the reasons not to and on that front there has been little progress.

I would struggle without good dealer input. I am very fortunate to live 15 minutes from the oldest surviving Lotus dealer, Bell and Colvill. 

When I first caught the bug in 1992, I had an Esprit S1. I depended heavily on specialists to keep me on the road. I would never entrust my Lotus to a generic mechanic or for that matter,  any of my cars. I still use Renault specialist for my 10 year old Frenchies. 

Well done to all who cope without the great back-up I receive. Hopefully Geely have the answer but as Lotus has struggled to find a good US operation since the year dot, and how Jaguar struggled in the 70s and 80s to do the same, I think one has to allow them some considerable leeway in their attempts to find a solution.

Justin

 

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Having spoken to a few of the long time Lotus guys still at Hethal i can confirm my LOVE for Lotus is back on the straight and narrow, Jaguars/McLarens are not for me!  I just need to have more p

Lotus staff got free hot drinks vending machines back in August, was a very welcome move and much appreciated from the people who work there. Sometimes the little things can make a big difference 👍

Maybe, time will tell. I am starting to think that I am out of kilter with the majority (nothing new there I suppose) but all this talk of electric, luxury, etc and I can't help but feel we are going

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It turns out I am seriously  mistaken in suggesting that my dealer is disappearing. I'd  edit that out but the forum software won't let me. In any case I posted that info  based on some inside info that turned out not to be well informed. 

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'17 Evora 400 MT 

 

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Geely has a very vested interest into making sure that they don't loose part of their workforce to that thing... Wuhan is where they are building their Luxury Lotus factory... I don't mean to take anything away from this  initiative it is great to see companies step in this way.

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Before I start, yes I have complained about this before and I’m going to do it again.  The Washington, DC auto show is taking place right now in my nation’s capital.  Just read that this is the 5th largest auto show in the country and Lotus is nowhere to be found.   Hard to sell cars when people don’t even know you exist!

On my side of the pond, you get the distinct impression that Lotus considers the Evora a lost cause and is unwilling to spend resources to promote the car.  All of their money is being saved for what comes next.

 I’d like to consider an Evora for my next car, but it is very hard to do.  First, I’d have to drive 2-3 hours just to test drive one.  Second, I’d never buy a new one because I’m not driving 2-3 hours for warranty repairs or haggling with Lotus for reimbursement for warranty repairs made by 3rd parties.  This could easily be addressed by Lotus negotiating a deal with a local repair shop to accept warranty repairs and give people considering the car confidence that there was someone local who could do the repairs.  Third, I’m concerned about the level of support Lotus will offer for its current lineup once it transitions to their new cars.  

So I will be attending the auto show this year.  Guess I will be looking at all the Lotus alternatives, which is a shame.

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I’ve looked long and hard at Lotus and have reluctantly come to the conclusion that I either can’t justify a Lotus or could only justify purchasing one at a steep discount.  The reasons all come back to a failure to see any commitment by Lotus to its current lineup.  

I’m not expecting multi-million dollar ad campaigns, that is not realistic.  However, I do expect a decent webpage.  I don’t expect to wait days or weeks for parts on a $100,000 car.  I do expect Lotus to have a press car that rides the auto show market in the USA, especially in major markets where they have no presence like Washington, DC.  I would expect that perhaps select Volvo dealerships would be chosen to expand the dealership coverage in the USA which is spotty at best.  When I don’t see any of this AND their newest car is a multi-million dollar electric, unlike anything in the current lineup, I’m concerned that Lotus is going to pivot in an entirely new direction and leave it’s old lineup in the dust.

 That would not entail much pain the the US market.  There are a limited number of dealerships, all of whom primarily sell some other make and Lotus sells around 150 cars each year here.  The cost wouldn’t be that great.  The Geely purchase assured Lotus’ survival, but so far there is little indication that its future includes its current cars and that raises concerns about the level of support that will be provided for those cars in the future.

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6 hours ago, jbuenavides said:

Anyone who's excited with the new sports car that Lotus will release this year? 

Hard to be excited about something you know nothing about. Have never seen. Have no details on. Etc....

So to answer your question. No. Not yet.

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Alcohol. Sex. Tobacco. Drugs. Chocolate.  Meh! NOTHING in this world is as addictive as an Evora +0. It's not for babies!    

The first guy to ride a bull for fun, was a true hero. The second man to follow him was truly nuts!   

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Yeah even I silhouette or covered car would get some discussion going. I have to imagine they could at least provide something like that at this point.

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30 minutes ago, Sport220 said:

Will we really have to wait til the end of the year for any official info on the new car?

I'd say 3rd quarter... after the deliveries of Evija start.

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So not directly connceted to Lotus but it may have an impact on lotus down the road. Will Geely acquire a 20% stake in Aston Martin?

Said 20% are reported to cost around  £200m to put in perspective of the $65m Geely spent to acquire 51% of Lotus.

Aston Martin appears to be in dire straits, and in urgent need of a cash influx, and as you have probably read elsewhere only 2 bidders are left in the running to prop the company up: Canadian billionaire, fashion mogul, Ferrari collector and F1 team owner Lawrence Stroll, and ZGH Geely.

It has been reported that Stroll is making a plaY to acquire the brand for his F1 team and will snap even more than 20% of stock on the open market if his offer is retained by Aston's board.  Crazier Rumours also connect Stroll to a buyout of Mercedes Petronas F1 team  by its current management. which could lead the team to be rebranded Aston Martin Racing as soon as 2021 with the team retaining the Mercedes AMG engine. Mercedes-Benz has nothing left to win in F1 and is - according to some - eager to lessen the load of non critical business units, the F1 team - in the big picture - is not seen as strategic anymore and expensive to prop. Hence a sale of the team could be in order, all the while maintaining ownership of the engine side of the business which is profitable with no less than 4 teams contracted with the company (current Mercedes works team, Racing Point, Mclaren and Williams) and still be involved in a high profile series with Formula E

On the other side is ZGH Geely. They would be interested in tech that could be shared with their other business unit (Lotus) which is funny since  Lotus did provide Aston Martin with the venerable VH platform that put Aston Martin back on the map and a bunch of engineers amongst them a certain Matt Becker...  Oh and Aston is still using the VH architecture today they just refined it with a lot more cast alloy parts... but the philosophy is the same as Lotus VVA. 

The thing is Aston doesn't have that much to offer, imo. The have a strong brand and another one that they have be trying to revive for a little while. They also have a V12/6cyl engine unit, a new sport car platform and a brand new SUV platflorm as well as a factory in Wales and cherry on top  a pile of debt. A huge pile of debt. The current management has leveraged the company big time in order to build the new factory, design that new engine, and SUV architecture, there's is also the F1 sponsorship, and the Valkyrie project which should come to fruition next year. However they do need access to Mercedes Benz parts bin for everything else and their EV projects are on ice after their Chinese partner defaulted on them. Oh and with the new LMDh retained by ACO for Le Mans 24 and the fact that Aston Martin will have to face Toyota, Peugeot, and now possibly Cadillac, Mazda...Aston's dream of winning Le Mans outright just got a bit more difficult to achieve. Aston is sort of all over the place and nowhere near their objectives.

However from Geely's point of view, 200m for the brand may be worth it if they can get synergies for Lotus, both companies are aluminium intensive in the chassis construction, both companies will need help with future tech.

Personnally I'd rather see Geely focus entirely on Lotus but I may see their point. At £200m and limited exposure in term of stock acquisition and their desire for a technical partnership, they are a solid partner who just sold a grand total of 2.1m car globally. While Stroll is probably able to bring way more than £200m but will probably shake up the management top to bottom and the company would still require a technical partnership down  the line to keep going and face the music in the next few years.   

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56 minutes ago, NedaSay said:

Aston Martin appears to be in dire straits, and in urgent need of a cash influx, and as you have probably read elsewhere only 2 bidders are left in the running to prop the company up: Canadian billionaire, fashion mogul, Ferrari collector and F1 team owner Lawrence Stroll, and ZGH Geely

The deal is done, 16.7%. Thankfully to Mr Stroll. That will please Red Bull who are linked to Aston presently...….

I hope Geely never become involved in Aston. I just do not get Aston Martin. I don't like the way the cars drive but that aside, I don't get why they are aspirational when they are always a few years (used to be decades) behind most luxury cars. I have to guess it is linked to 007.

And could someone please explain the floatation in November 2018. £19 a share, they hit £4 recently. The company is technically bust, saved by Stroll. A company bust within 14 months of taking £19 a share off folk. How is that possible, when it was obvious the valuation of billions £ was unjustifiable. Selling cars is a fickle and dangerous market, past sales are no guide to future growth, especially in a niche market.

The Lotus business model and execution may at times exasperate but I have long respected the survival of the marque, yes often with a sugar daddy but survive it has with the core values intact and always producing cars that set new standards of excellence. Sadly, excellence most buyers don't want.

I hope Geely find a way of maintaining those principles whilst finding a method to sell enough cars to make Lotus genuinely sustainable. Not an easy task. Ask Aston Martin.

Justin

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Well well well I guess, the redbull Aston Martin sponsorship is soon to end... Racing Point may be rebranded in 2021. And Geely will remain focused absolutely on Lotus 

https://dailybusinessgroup.co.uk/2020/01/aston-martin-unveils-500m-rescue-plan-and-board-changes/

https://www.autocar.co.uk/car-news/industry/breaking-news-billionaire-stroll-takes-major-stake-aston-martin

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28 minutes ago, jep said:

The deal is done, 16.7%. Thankfully to Mr Stroll. That will please Red Bull who are linked to Aston presently...….

I hope Geely never become involved in Aston. I just do not get Aston Martin. I don't like the way the cars drive but that aside, I don't get why they are aspirational when they are always a few years (used to be decades) behind most luxury cars. I have to guess it is linked to 007.

And could someone please explain the floatation in November 2018. £19 a share, they hit £4 recently. The company is technically bust, saved by Stroll. A company bust within 14 months of taking £19 a share off folk. How is that possible, when it was obvious the valuation of billions £ was unjustifiable. Selling cars is a fickle and dangerous market, past sales are no guide to future growth, especially in a niche market.

The Lotus business model and execution may at times exasperate but I have long respected the survival of the marque, yes often with a sugar daddy but survive it has with the core values intact and always producing cars that set new standards of excellence. Sadly, excellence most buyers don't want.

I hope Geely find a way of maintaining those principles whilst finding a method to sell enough cars to make Lotus genuinely sustainable. Not an easy task. Ask Aston Martin.

Justin

Following this weeks news from Lotus, to me it would appear Geely have put into play, first phase; more affordable with more standard items from the options list 

although this may impact resale values it may tempt new Lotus owners from other marquee 

Darryl & Sue

Proud to drive and own a true British supercar the Evora GT430

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To be honest I'm glad Geely didn't spend a lot of money on Aston - but can instead use that to develop Lotus Road cars as well as invest in racing 

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This morning's Times:

Demand from sportscar lovers in China and the US has pushed sales at Lotus, the niche Norfolk manufacturer, up by 23 per cent.

Lotus, which has spent years hitting operational brick walls or being in danger of running out of financial gas, is now owned by Geely, the anglophile Chinese automotive giant that also owns LEVC, the Coventry manufacturer of hybrid-electric black cabs.

With a reported $2 billion cheque to return Lotus to the glory days of its founder Colin Chapman, Phil Popham, its chief executive, made a splash last year with an all-electric Lotus Evija hypercar. At £1.5 million, it is aimed at showcasing the group’s ambitions.

In 2018, the year Geely took over, Lotus’s sales had dwindled to a barely sustainable 1,232. Last year, with renewed interest in the £85,000 Evora, the hitherto top-priced sportscar in a four-model stable, total sales jumped to 1,519. Sales of the Evora were up nearly 60 per cent.

Lotus historically has had little traction in China, the world’s largest market, but decided to launch the Evora at the Shanghai motor show. “There has been increased demand from the US and China where customers are more inclined to buy immediately off the forecourt rather than ordering a personal build specification and waiting a number of months for delivery,” a spokesman said. :thumbup:

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Cheers,

John W

http://jonwatkins.co.uk

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The next car will be jaw dropping if they let Russell Carr have free rein. But there must be some tough decisions to make in terms of aesthetic appeal versus daily use practicality. Generally Porsche tends to favour practicality in a head to head. Lotus traditionally have been willing to sacrifice rear visibility for a big wing, intercooler or roof scoop, certainly manna from heaven for me but wider market probably prefers to have a good view for reversing, oblique junctions and the like. 

As things stand the Evora based car will not a step forward in terms of spec to what we are very fortunate to own currently Jimmy. May even be a step down in outright performance but interior tech should be a giant leap forward. For those that are excited by such things, it's all good news. It might not make it to production but they were planning to make more accessible one tech feature that is only just now being introduced in the hypercar space. So I think the Lotus tradition of a more affordable taste of exotic car ownership will continue at least. I would rather they spent the money on high performance hardware than software but the less car-crazed buyer is likely to be more impressed by fiddling with some snazzy on-trend gadgets in the showroom than the ability to dial out some understeer in the pitlane. As said already before, if Lotus get it right it's likely to appeal less to me than what I've already got. If that's the case so be it. Will certainly be very different car inside and out to the Evora which many people here say they want to see. If it's a success then I'm sure it will encourage Lotus to build higher performance versions that may appeal more to me. My advice to any Evora or Exige 430 owners is to hang on to your cars until you see what's coming. What's another year in one of the best driver's cars ever built?

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