Lotus is doing a bit of rearranging in their kitchen now that plans for the Elan sports car have been placed on the backburner. Apparently, the British manufacturer is using the money that had been set aside for the Elan to develop their very own lineup of V6 and V8 engines.
During an interview, Project Boss Dany Bahar said: “This is a big [financial] hit because it’s expensive to do an engine,” says Bahar. “But because the Elan is not happening now we have got capital expenditure headroom for engine development.”
The first engine cooking is a V8 that will set up the competition for Ferrari’s V8 engine as seen in the 458 Italia. The new Lotus V8 will deliver between 550 – 570 HP and will undergo testing in July 2011. It will be dropped in the new Esprit model. After that, Lotus will go forth with a new V6 engine that will be used for a production version of the Eterne. Both of the new engines will be combined with an all-new aluminum platform that will be spectacularly light.
As for the Elan, Lotus says that the vehicle’s design was just too close to the Esprit so it would not be making its appearance on the lineup until the closer to the end of the company’s five year plan.