AUSTIN, Texas – March 18, 2010 – The first Lotus Evora delivery in North America took place yesterday at John Eagle European’s Lotus of Austin when dealer principal Sonny Morgan handed Austin-area resident Bruce Rice the keys to his brand new 2010 Lotus Evora 2+2 sports car. Lotus of Austin hosted a party to commemorate the first delivery yesterday evening inside the dealership. Lotus of Austin offers the full range of Lotus sports cars, including the Evora, Elise and Exige.

“Delivering the first Evora in North America was an exciting moment for John Eagle European and the Lotus brand,” said Morgan. “The multiple award-winning Evora is one of the most advanced new sports cars available in the world, and the very first customer car is on the road today right here in Austin.”

The Evora is the world’s only mid-engine, four-seat sports car. Powered by a Lotus-tuned 3.5-liter V6 engine producing 276 hp, and weighing just over 3,000 pounds, the Evora offers breathtaking performance. Only a couple thousand Evoras will be built for the world each year, so the car will exude an exclusivity that matches its performance and stylish good looks.

In addition to its excellent performance and exemplary handling, the Evora offers a refined ownership experience. Highlights include a contemporary, hand-crafted and elegantly trimmed cabin, as well as an equipment list with such high-tech features available as an advanced touch-screen multi-media system incorporating a state-of-the-art Alpine satellite navigation and audio system. The new Evora is not only suited for carving up the hill country roads, but can also very comfortably serve as an everyday driver.

In 2009, Lotus of Austin was the No. 1 ranked Lotus dealership in Texas, and third in the United States. Lotus is one of the flagship marques offered by John Eagle European, which also sells Aston Martin and Bentley automobiles inside its plush showroom located at 12989 Research Boulevard in Austin.

For more information on Lotus of Austin, visit www.lotusofaustin.com.

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A DREAM START FOR LOTUS RACING IN BAHRAIN

Six months of very hard work finally came to as successful a conclusion as the team could have hoped for on Sunday afternoon in Bahrain, with both Lotus Racing cars finishing the race, Heikki in 15th and Jarno in 17th (provisional positions) in the opening round of the 2010 Formula One™ World Championship.

Jarno Trulli (Lotus Racing chassis T127/3) “I made a good start and avoided the accident at the second corner but found myself in the gravel so at this stage I was nearly last, but then I started picking up pace and catching the people in front. The car was understeering quite a lot and I couldn’t really predict the balance so at the pitstop the team, who did a really good job, changed the front wing setting and I started pushing again and putting in some good laps. At the end of the race I had a hydraulic problem so I just had to get it to the end of the race. I’m really happy and proud for the team because in six months every single target we have fixed we have met so it’s really good, and, as Tony said, one day Lotus will win and I hope to be here when we do.”

Heikki Kovalainen (Lotus Racing chassis T127/1) “It was a good race for our team – to get both cars to the finish is a great achievement. My car didn’t have a single problem, I know Jarno did and managed to nurse his car to the end, but the primary goal was to get both cars to the end and we achieved that. So far the team has reached every goal we set ourselves so that is fantastic. In terms of my race, I had a good start and was battling with a lot of guys we didn’t think we’d be fighting with. My tyres were fine, and the pitstop was good, but I lost a bit of time whilst letting cars past, and we’ll look at the strategy for Australia to work around that better. I really enjoyed driving the car, it felt really good and it was good to push. Everybody in the team should be really happy but now the honeymoon is over and we need to start working on better results.”

Chief Technical Officer Mike Gascoyne said “I’m very very proud of the whole team. Everyone here, and back in Hingham. Firstly I have to say thank you to both drivers. They drove great races – Jarno struggling early on but when he changed to the soft tyre he was much more competitive. Apologies to Heikki because he may have suffered from the strategy, and apologies to Jarno because he had a hydraulics problem and he had to slow down to get the car to the finish, but overall a great result.”

Happiest man of all was Team Principal Tony Fernandes who said “I’m completely over the moon! I cannot describe the feeling. Six months of work and to have both cars finish is just unbelievable. We’re thrilled, we’re happy and the spirit in the team is fantastic. I’m really proud of Jarno and of Heikki  and everyone here. It’s a great start and better than I could have dreamt of. We wanted to finish the race and to do so ahead of established teams is fantastic.

“From here we keep going. Before the race Clive Chapman gave me Colin Chapman’s old Lotus cap and said ‘when you win the first race you’ll be the man to throw this up in the air like my Dad used to.’ That meant a lot to me, it was a wonderful gesture and it’s like handing over the mantle of one of motor racing’s great dynasties”

Visitors to the Lotus Racing garage before the race included FIA President Jean Todt and Michelle Yeoh, but the day began with Tony Fernandes giving the team a stirring speech to thank everyone for the hard work so far, and lay out the challenge ahead, saying “The last six months have shown that if you dream you can achieve, but now it’s not about being the best of the new teams, it’s about making a serious challenge for the very top.” With a start like this, who could blame him for pushing for something truly amazing.

Lotus and Cosworth have entered into a new technical and commercial partnership with established IndyCar competitors KV Racing Technology to run in the 2010 IndyCar Series.

The Lotus-Cosworth IndyCar will use the classic Racing Green and Yellow livery used on Lotus Racing cars in the 1950s and 1960s and this new livery will debut at the first USA round of the IndyCar Series.

Driving the Lotus-Cosworth IndyCar will be the former F1 driver Takuma Sato.

Lotus competed for a number of years in the IndyCar Series in the 1960s, winning the Indianapolis 500 race outright in 1965 with the pioneering Lotus Type 38, driven by Jim Clark, and narrowly missing victory to come second in 1963.

Dany Bahar, CEO of Group Lotus plc said, “Racing has always defined Lotus and on many occasions in motorsports history Lotus’ numerous innovations have re-defined racing. It’s only fitting that as the Lotus Racing name re-enters Formula 1, we will also race and innovate again in IndyCar. The Lotus name will, once again compete in the top two open-wheel racing series for the passion and enthusiasm of car fans around the globe.”

Kevin Kalkhoven and Jimmy Vasser, owners of KV Racing Technology said, “We are delighted to be part of Lotus and Cosworth’s return to the IndyCar Series, and with Takuma at the wheel of the classic racing green and yellow Lotus Cosworth race car, we expect to be formidable competitors this year.”

Takuma Sato said, “This is fantastic news for everyone. It is exiting for me to be a Lotus driver and I’m really looking forward to great success with this new project.”

The return to the IndyCar Series follows on from the recent announcement by Lotus and Cosworth are to become closely associated through a strategic partnership looking at the opportunity to develop high performance engines for Lotus cars.

The 2010 IndyCar Series starts with the Sao Paolo Indy 300, Brazil on the 14th of March 2010.

ENDS

About Lotus
The main operating subsidiary of Group Lotus plc is Lotus Cars Ltd, which has two operating divisions – Lotus Engineering and Lotus Cars. Lotus Engineering is an internationally recognized automotive engineering consultancy based in Norfolk, UK.  Global facilities include those in Michigan (USA), Kuala Lumpur (Malaysia), China and offices in Germany and Japan, with rapid expansion in new territories such as South East Asia.

Lotus Engineering provides comprehensive and versatile consultancy services to many of the world’s OEMs and Tier 1 suppliers, offering a full engineering service from initial concept and project design through development and integration of the complete vehicle to meet all worldwide markets and customers to full production. This includes third party ‘niche vehicle’ engineering and manufacture worldwide.

Lotus Cars builds world class, prestige, high performance sports cars for sale in 37 countries.  These include the iconic Lotus Elise, the Exige, the 2-Eleven and Lotus’ latest model, the Lotus Evora. Lotus is a global high-tech company, expanding rapidly and committed to driving forward technology for both Lotus Cars and its Engineering clients, spearheading research into such areas as hybrids, electric vehicles and renewable fuels.

About Cosworth
The Cosworth Group provides high performance technologies to a diverse range of global industries including automotive, defence, clean energy generation and sports.
The Cosworth Group is headquartered in Northampton, UK and operates additional facilities in the UK, North America and India to leverage its unique combination of advanced technologies, mechanical and electronic engineering expertise and globally recognized brand to deliver performance solutions.

Cosworth has been at the forefront of international motorsport for over 50 years and is a brand synonymous with success. Cosworth high performance race technologies have delivered championships in every major series across the globe including Formula 1, IndyCar, NASCAR, World Rallying, World Touring Cars and MotoGP.

About KV Racing Technologies
KV Racing Technology was established in 2003. The Indianapolis-based team will contest its eighth open-wheel season and third in the IndyCar Series in 2010. KVRT is owned by successful venture capitalist Kevin Kalkhoven and 1996 Indy Car Series Champion, Jimmy Vasser. Veteran motorsports manager Mark Johnson is the team’s General Manager. KVRT has earned two victories, the first by Cristiano da Matta in Portland in 2005 and the second by Will Power in Long Beach in 2008. They have captured two poles, Tristan Gommendy at Mont Tremblant in 2007 and Vasser at Milwaukee in 2005 (Will Power captured the pole at the 2008 Surfers Paradise, Australia exhibition race).

About Takuma Sato
Sato, commonly known as “Taku”, a 33-year-old native of Tokyo, Japan, is a veteran of seven Formula 1 seasons and will be contesting his first IndyCar season. In 1996, he started karting and in 1997 won the Kanto region championship. In 1999, his first full year of car racing, Taku competed in Formula Opel Europe and British Formula 3 National Class B for Diamond Racing. He finished sixth in Formula Opel Europe scoring one victory. Taku joined Carlin Motorsport for the 2000 season to compete in British Formula 3 (Class A). He contested 12 races earning four wins, six poles, six podiums and placing third in championship. His 16 wins in the British Formula 3 Championship over two seasons is still a record. Having proven his talent in Formula 3 and impressed with his testing for BAR, Taku was signed by Jordan-Honda in October 2001 to contest the 2002 Formula 1 season. Taku had his best F1 season in 2004 driving full time for BAR-Honda where he placed eighth in the championship with 34 points. In 2006, Taku joined the new Super Aguri-Honda team established by Japanese racing legend Aguri Suzuki – the only Japanese driver prior to Sato to finish on the podium in a F1 race. Taku competed again for Super Aguri-Honda in 2007 earning two top-10 finishes.

Bahrain, 13th March 2010

LOTUS RACING BAHRAIN GRAND PRIX QUALIFYING REPORT

Saturday in Bahrain saw Lotus Racing compete for the first time in qualifying with a host of famous faces dropping by and watching the action from the team’s pit and hospitality suite, among them former Lotus stars Emerson Fittipaldi, Mario Andretti and Nigel Mansell. Qualifying itself was much as the team had anticipated, with Jarno Trulli finishing 20th on 1.59.852 and Heikki Kovalainen 21st on 2.00.313.

Both drivers gave their thoughts after the session, with Jarno saying: “All in all not too bad considering the amount of running we had this morning. We had some bad luck this weekend but the team has operated very well, in a very professional way, and we just need a bit more time to make the step forward we need in terms of performance. Tomorrow we need to try and finish the race, collect some useful data to find out more about what is right and wrong with the way the car behaves, and make that our main aim – finishing.”

Heikki Kovalainen added “Pretty much what we expected. The car was very reliable, which is good, and the performance was roughly where we knew we’d be. I’m reasonably happy – it probably isn’t the best qualifying lap I’ve ever done, and maybe I didn’t get everything out of it I should have done, but we have a good base to work from tomorrow. In practice yesterday the car felt like it would be good over long runs, and with the good reliability we have had we’ll see what happens tomorrow. The most important thing is to finish the race, and then we’ll see where we are.”

Mike Gascoyne, Lotus Racing Chief Technical Officer commented: “It’s a little bit mixed emotions today – we wanted to be the best of the new teams, and we just missed out on that by a fraction, but as the last of the new teams to have been given an entry, only six months ago, it’s a fantastic effort by the whole team to have finished our first qualifying session. We now look forward to the race and with the strength of our reliability, and two very experienced race drivers, now it’s all about finishing.”

Having arrived yesterday, Team Principal Tony Fernandes was at the track and was very proud to see the incredible efforts of everyone in the team over the last six months finally taking shape, saying “I’m happy, very very happy. It was fantastic to see Lotus back on the grid after a 16 year absence, and with the potential for so many things to have gone wrong, it’s just great to have finished our first qualifying session. Jarno broke the two minute mark and that’s a great achievement in itself.”

Giving his thoughts on the motor racing giants that came by the Lotus Racing garage, he added “It was great to see Emerson, Mario and Nigel today. It shows we have credibility and it’s a great endorsement from these legends that they see what we’re doing and, in whatever way, want to be a part of it. The dream continues and long may it last!”

Bahrain, 12th March 2010

AN HISTORIC DAY FOR LOTUS RACING

Friday at the Bahrain Grand Prix marked an historic day for Lotus Racing, exactly six months to the day since the team’s entry into the 2010 Formula One™ World Championship was confirmed. Jarno Trulli was first car on track as the pit lane lights turned green, followed closely by Heikki Kovalainen as the team saw their incredible efforts since September 12th 2009 come to fruition in the desert heat.

The morning session saw the team complete 36 laps in total, with both Heikki (21 laps) and Jarno (15 laps) completing their planned programs and stepping out of their respective cars satisfied with their morning’s work. As track temperatures climbed to nearly 50° after lunch they both returned to work, Jarno notching up another 14 laps and Heikki 23 more and testing aero upgrades that had been fitted over the lunch break. Heikki’s best time of the afternoon session was 2.00.873 and Jarno 2.00.990.

Chief Technical Officer Mike Gascoyne gave his thoughts on the team’s first outing of the race season, saying “A good day for the team after a very long night preparing the cars for today. Everyone worked very hard and it was satisfying to see us first out on track and then put in a solid performance throughout the day. We tried an aero upgrade this afternoon and we’ll look at the results of that in this afternoon’s debrief, but now we’re looking forward to putting in another professional performance tomorrow in qualifying.”

Thoughts now turn to tomorrow’s qualifying session and the forthcoming race, with Team Principal Tony Fernandes arriving in Bahrain to add his support to the Lotus Racing team’s efforts on track.

By 3am on Saturday morning Lotus Racing had finally finished packing up the six airfreight boxes needed for the journey to Bahrain and the beginning of the 2010 Formula One™ season.  Two cars and a 60-strong team have now made their way to the Kingdom of Bahrain and the Bahrain International Circuit for the first race of much anticipated 2010 season.

On 12th September 2009 Lotus Racing gained entry onto the grid. As the team gears up for the first Grand Prix, the whole team, including the drivers Jarno Trulli and Heikki Kovalainen, remain upbeat and honest about their expectations for the first few races. Trulli commented, “It would be nice to score a point, but it is not going to be easy. We have to be realistic.”

Chief Technical Officer, Mike Gascoyne said, “Our test season was extremely productive – in general we’ve had very good reliability, and the team is in very good shape going to the first race.”

Lotus Racing remain confident of their continuing progress. Team Principle Tony Fernandes commented, “We are all looking forward to Bahrain; to have Lotus Racing on the grid will be a momentous occasion for all involved and, indeed, for our fans, whose support has been absolutely fantastic since we launched just under six months ago. Yes we are a little slower than the major leading teams, however we will get there, with passion, hard work and a clear vision – our aim for this first Grand Prix will be to finish and steadily but surely improve, race by race.”

Lotus Racing will spend the week preparing in Bahrain and look forward to hitting the track in anger for the first practice session on Friday, exactly six months to the day after gaining their entry place into 2010 Formula One™ World Championship.

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TAG Heuer and Tesla Motors launch worldwide partnership

Unique TAG Heuer Tesla Roadster commemorates Swiss brand’s 150th anniversary.

GENEVA – Pioneering luxury Swiss watchmaker TAG Heuer and electric carmaker Tesla Motors have teamed up in a worldwide partnership as the iconic Swiss brand celebrates its 150th anniversary.

GALLERY

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On display at the Geneva Motor Show is the 2010 TAG Heuer Tesla Roadster. This one-of-a-kind collector’s car includes a unique interior by Tesla Chief Designer Franz von Holzhausen, incorporating TAG Heuer avant-garde design elements and a specially designed center console due to host TAG Heuer’s cutting edge concept watch, to be revealed in Basel on March 18.

This car also features a TAG Heuer Meridiist mobile phone as well as a one-fifth second Heuer Limited Edition Stopwatch. This Swiss-made timepiece with mechanical movement pays tribute to the 1860 founding of the company and evoques the mythic revival of the brand’s vintage stopwatches.

The car’s exterior color scheme is Foucault Field Gray, embodying the innovative spirit of both companies. The design was inspired by the new TAG Heuer concept watch, a technical milestone in mechanical movements, which brings technologically advanced art to life through motion.

The 2010 TAG Heuer Tesla Roadster will remain at the Tesla booth during the public show days, March 4-14 at the Palexpo-Geneva conference center. The car will then be driven to Baselworld, the world’s largest watch exhibition, for a special event March 18.

Relentless focus on technological innovation

Since its founding in an artisan’s workshop in the Swiss Jura, TAG Heuer has become one of the world’s best-known luxury brands — maker of avant-garde watches, eyewear and premium mobile phones for refined consumers around the globe.

TAG Heuer, a star brand from the luxury group and worldwide leader Louis Vuitton Moet Hennessy (LVMH), also has deep roots in the automotive sector. Company founder Edouard Heuer received in 1911 the patent for The Time of Trip, the first car dashboard chronograph, followed in 1933 by the Autavia — the first dashboard timekeeper for both automobiles and aviation. The benchmark in cutting-edge chronographs and timekeeping technology since 1860, TAG Heuer is the watch brand that can claim the longest and strongest association with motor sports and dream cars. Both watches and chronographs are inspired and driven by motor sports, from Formula One to GT cars.

“TAG Heuer has a rich history and expertise with the world’s most prestigious racing teams — but this is the first ever partnership we’ve forged with an electric sports car company,” said Jean-Christophe Babin, President and CEO of TAG Heuer. “We believe that high-performance drivers are increasingly searching for products that are efficient, socially responsible and stylish. TAG Heuer and Tesla are two of the few companies arleady achieving these ideals today.”

Tesla Motors began developing an electric sports car in 2004 and remains the only automaker selling highway-capable electric cars. The Tesla Roadster accelerates faster than nearly any other supercar yet is twice as energy efficient as a Toyota Prius — the only car that delivers supercar performance guilt-free, with zero tailpipe emissions and a carbon footprint dramatically lower than any comparable sports car.

Based in California’s Silicon Valley, Tesla has delivered more than 1,000 cars to consumers in 21 countries. Advertising Age magazine recently named Tesla one of America’s “hottest brands.” The Tesla Roadster is quickly becoming the must-have car among Hollywood celebrities, European royalty and socially responsible trendsetters worldwide.

“Engineers at both TAG Heuer and Tesla understand intuitively that technology — whether worn on your wrist or driven on the road — can help us live better while we tread more lightly on this planet,” said Tesla CEO Elon Musk.

The CEOs of TAG Heuer and Tesla, along with celebrity customers of both companies, will launch their next collaboration in style on March 18 at a party during Baselworld 2010. This nine-month project, commemorating TAG Heuer’s 150th anniversary, will have worldwide reach and will raise awareness of technological innovation to consumers on three continents.

Lotus Range Extender

News from Autocar today reports that Lotus Engineering is putting the wheels in place for mass production of the Lotus Range Extender.

Series hybrids and the Lotus Range Extender

More on the Lotus Range Extender

Negotiations with an unnamed supplier are underway to produce the engine.

While this supplier does not currently manufacture internal combustion engines, plans call for 50,000 units per annum for several auto manufacturers interested in incorporating the Lotus Range Extender in extended-range electric models.

Autocar has also quoted Lotus management as saying the Evora 414E Hybrid’s technology is “very close to being production possible”.