RE: Lotus execs speak out

RE: Lotus execs speak out

Tuesday 9th November 2004

Lotus execs speak out

Green light for supercar, red for more powerful Elise/Exige


PistonHeads (PH) grabbed the opportunity to talk to three Lotus executives recently to get a feel for where the company's going, especially with respect to the forthcoming supercar.

We spoke to:

  • Victor Kiam (VK), commercial director and shareholder’s representative of Group Lotus
  • Chris Arnold (CA), head of Lotus Motorsport
  • Andreas Maenner (AM), European Press Officer of Lotus Cars Ltd.


PH: Mr Kiam, how long have you been with Group Lotus, and how's the company doing?

VK: About three years. We are very satisfied with the actual situation of Lotus Cars. We returned to America this summer and it has been very successful.

PH: Is America the only interesting market at the moment ? European sales are dropping, especially in Germany.

VK: At the moment, nearly 50 per cent of our production is sold to America. Other important markets are the UK and Japan followed by key countries in the mainland of Europe. We sold fewer cars in Europe than last year, but we don't have a general problem in Europe, it' s only a problem of supplying three new products – the Elise 111R, the federal Elise and the Exige.

To maintain our high quality, we ramped up the volumes slowly and steadily so there was no drop in supply. We are now ramped up and our plant in Hethel is working to capacity, producing 125 cars per week. The delivery time for a Lotus in Europe is about three months, in America you still have to wait longer.

PH: In America you are only offering the Elise 111R, is it also planed to
sell the Exige (above) in America?

VK: No, it is not planned in the near future.

PH: Which new Lotus will we see in the future?

VK: We are working on a new range of cars including a new mid engine supercar.

PH: When will it hit the road?

VK: You know it takes time to develop a car, it's not possible from one day to the next, but we won’t give a firmer time constraint than “a few years time”.

PH: In what stage of development is the new "Supercar" at the moment? Has the design already been confirmed?

AM: Development of this vehicle has high priority right now. We will - as a principle - not comment in detail on the stage of development of any project.

PH: What about the supercar's engine - will it be V8 or V10, Lotus-developed or bought-in ?

AM: We are assessing a number of options but will not announce the route that we have chosen for the engine yet.

PH: Are there any plans for a car between the Elise and the ”Supercar“?

AM: We are looking at this type of car at the moment, but it is a concept and feasibility study at the moment. We can't disclose more details right now.

PH: Can we expect a more powerful Elise or Exige?

CA: No, for the time being we don't have the capacity at Lotus Motorsport. It's not only to develop a tuning kit for the engine. The brakes, clutch, gear box etc. must also be modified and we don't have the time for this now.

PH: The spectators and some customers at the Lotus Cup Europe claimed that the sound of the actual Elise / Exige isn't exciting.

CA: It's no problem to develop a loud exhaust, but our cars are all road legal, even the Cup - Exige. Our exhaust respects the current laws regarding emission and on many tracks there are also strict noise limits.

PH: The first season of the Lotus Cup Europe is now over. Did you have any  problems with the cars?

CA: No mechanical problems  at all. There were only some damages  to the cars  through accidents.

PH: Is the Cup - Exige a limited edition?

CA: No, it's only limited to our capacity at Lotus Motorsport.

PH: Are there any modifications planned for the Elise within the next year?

AM: No, we have spent time and money to fit the Toyota engine into the Elise. The rear structure of the 111R is  new, developed to fit this new engine. At the moment no further modifications are planned.

PH: What can we expect for the Geneva motor show next year?

AM: Let's wait and see...

PH: Gentlemen, thank you.

Author
Discussion

chimburt

Original Poster:

751 posts

266 months

Tuesday 9th November 2004
quotequote all
so, is this the same Victor Kiam of Remington fame?

don't tell me - he liked the car so much....

monkeytaylor

120 posts

247 months

Tuesday 9th November 2004
quotequote all
If it is him he must be about 100 by now - I can remember watching those Remmington Microscreen ads almost 30 years ago! He's the sort of bloke I'd picture as the MD of Ronco or K-Tel, not Lotus!!!!

PastHim

15,989 posts

241 months

Tuesday 9th November 2004
quotequote all
Not much of an eye opener was it? The execs succeeded in telling us just about nothing. 'A few years' and 'no comment'.

NJS25

446 posts

256 months

Tuesday 9th November 2004
quotequote all
chimburt said:
so, is this the same Victor Kiam of Remington fame?

don't tell me - he liked the car so much....



Not the same person.

Regards, Neil

Tuna

19,930 posts

291 months

Tuesday 9th November 2004
quotequote all
Years? Years??? Ba***rds. The suspense is killing me.

I wonder what the definition of 'Supercar' is these days? They chose the word to describe what is presumably going to follow the Esprit. Does this mean they will be competing at the high end, with things like the Enzo, Korengigissesesgggg (zig-a-zig-a), and Lambo? Or are we going to see something 175mph+ more in line with 'exotic' performance rather than groundbreaking?

kingr seven

233 posts

246 months

Tuesday 9th November 2004
quotequote all
PastHim said:
Not much of an eye opener was it? The execs succeeded in telling us just about nothing. 'A few years' and 'no comment'.


That's exactly what I was thinking. They could have got some PR automaton to say exactly the same thing, it would have been just as disatisfying.

Kingr

DanH

12,287 posts

267 months

Tuesday 9th November 2004
quotequote all

lol that was pretty pointless

Shame about not sorting out the power deficit in the S2 Exige, its why its not selling. The brakes excuse is just flannel.

[K]ar|

949 posts

253 months

Tuesday 9th November 2004
quotequote all
These guys play their cards very close to their chest. Don't expect them to admit to anything officially!

Remember when the original S2 Elise came out - the dealers (and hence customers)were the last to know about it.

We pretty much know they are working on some form of GT as well as the new Esprit. Add to that the rumours of a factory supercharger for 'Yota engined cars and you have a fairly comprehensive development programme.

[k]

xxplod

2,269 posts

251 months

Tuesday 9th November 2004
quotequote all
Never believe a word Lotus says.

mustard

6,992 posts

252 months

Tuesday 9th November 2004
quotequote all
most of it concurs with a recent meeting I attended

darren

94 posts

291 months

Wednesday 10th November 2004
quotequote all
NJS25 said:

chimburt said:
so, is this the same Victor Kiam of Remington fame?

don't tell me - he liked the car so much....




Not the same person.

Regards, Neil


Damn, I was hoping the new Lotus trimmed nose hair as a value-added feature.

[K]ar|

949 posts

253 months

Wednesday 10th November 2004
quotequote all
xxplod said:
Never believe a word Lotus says.


I particularly liked their stance on the Toyota engine. It was something along the lines of...

"No we are not putting the Toyota engine in UK cars"
"We are sticking with the Rover engine for the foreseeable future"
"The Toyota engine is for the Federalised Elise only"

"By the way, here is our new Toyota-engined 111r"

[k]

xxplod

2,269 posts

251 months

Wednesday 10th November 2004
quotequote all
Yip. A few years back I was in the process of buying a new 2001 S2 Racetech Elise.

Lotus: No, we are unable to put the VVC engine in the S2 as it will not pass the forthcoming emmissions regulations.

6 months later: The new S2 111S with our new engine management system and 160 bhp!

GKP

15,099 posts

248 months

Wednesday 10th November 2004
quotequote all
"Yes, we will make the M250"


guitarman

112 posts

250 months

Wednesday 10th November 2004
quotequote all
Everyone knows the Elise/Exige S2 is underpowered and there were a lot of rumours about a supercharger at least for the Exige. Releasing a new Exige with only the exact same power as the Elise 111R was always going to be a total marketing disaster.

It's basically just a 111R with a few extra stuck on body bits, (that look real tacked on as well IMHO) .

Perhaps they feel they can't go ahead with more power now, as it will harm the release of the rumoured next model, which is supposed to be a slightly bigger more upmarket car.
I reckon either they'll rush release something really new for Geneva, or a supercharged version will make the Geneva Show.
They always flatly deny every development rumour right up to its release date.

Their marketing department are bonkers, if they worked the rumour mill properly, they could build a fantastic hype for their developments, instead of always running s**t scared of harming sales of what they have in stock. Crazy.

tupolev

89 posts

276 months

Wednesday 10th November 2004
quotequote all
guitarman said:
Everyone knows the Elise/Exige S2 is underpowered and there were a lot of rumours about a supercharger at least for the Exige. Releasing a new Exige with only the exact same power as the Elise 111R was always going to be a total marketing disaster.

the truth

guitarman said:
It's basically just a 111R with a few extra stuck on body bits, (that look real tacked on as well IMHO) .

get up close, sit in it, drive it and as long as its yellow and black it looks good.

guitarman said:
Perhaps they feel they can't go ahead with more power now, as it will harm the release of the rumoured next model, which is supposed to be a slightly bigger more upmarket car.

Agreed. Personally cannot see that the cost/benefits of a lotus developed system make it worthwhile -you're looking at a niche market power upgrade of a niche of their sales to start with. 3rd party or lotus 'hijacked' 3rd party system more likely

guitarman said:
Their marketing department are bonkers, if they worked the rumour mill properly, they could build a fantastic hype for their developments, instead of always running s**t scared of harming sales of what they have in stock. Crazy.

i do wonder if they walk around with their heads up their own backsides. the S2111 also pissed me off so now a few years later i have to order a ptp170

Tuna

19,930 posts

291 months

Thursday 11th November 2004
quotequote all
I'm not sure about the 'Everyone knows the Elise is underpowered' arguments. I'll grant that the Exige should have more power than the Elise, but for a standard road going sports car I think Lotus have got it about right.

In less than ideal circumstances (like the recent nice wet weather), the Elise can be a handful. The bodyshape and cabin really aren't suited to a higher top speed and getting the 0-60 time any lower is great for bragging rights, but can only increase the number of cars in accidents. Lotus would get no benefit from producing significantly higher powered Elises from the factory and those that really want it can always go for aftermarket upgrades.

It makes a lot of sense to put higher power/greater top speeds in a new package that is better suited to it. The Exige is a good package to take that higher power, and the Esprit replacement will certainly take the greater top speed.

Wanting Lotus to just max out the Elise just ends up as a willy-waving exercise and rather reflects the top-trumps attitude to comparing cars by nothing more than 0-60 times and horsepower.

v8thunder

27,646 posts

265 months

Thursday 11th November 2004
quotequote all
IMO this could be a bit of a decoy. Lotus are known for putting out deliberately misleading details about their cars before their actual release to stop others stealing a march on their ideas. I seem to remember reading that the Turbo Esprit was released by surprise at the Royal Albert Hall in 1981, and caught Ferrari napping, as no-one actually expected it.

Mr Fix It

473 posts

275 months

Friday 12th November 2004
quotequote all
Lets face it, if the Exige/Elise was that good, the sales would not suffer if Lotus announced sup-ed up versions of them. Its only cos we all know that these cars are so underpowered that we also know that the sales will suffer! Lotus also know that to put a supercharger on, and upgrade brakes etc would put the price of the car beyond what people would pay for an Elise derivative. For example, superchargers etc are around 5k to 10k for cars that are on the market at the minute, so with better brakes etc you are looking at over £40k for a modded exige!!!!!! Now whos going to pay that! They probably only need the exige with 250-300 bhp, which they could of got from a low pressure turbo - so reduce the lag.

They need to get their cars and pr sorted. I suspect if they did, they would have more orders than they can handle!

tinman0

18,231 posts

247 months

Friday 12th November 2004
quotequote all
Mr Fix It said:


They need to get their cars and pr sorted. I suspect if they did, they would have more orders than they can handle!


i think the cars are sorted, that why they obviously don't have an order problem with a 3 month waiting lists, and a 3+ month waiting list for the federal elise.

i also think europe are the least of their problems. their primary concern seems to be getting elises/exiges out of the door at the rate that they can manage.

they also seem to be more interested in growing organically rather than expanding the existing production line at the cost of external finance, and then betting the ranch on the "next car".