1974 Lotus Elite Only 2225 Total Made From 1974-1980 on 2040-cars
Mankato, Minnesota, United States
Body Type:Coupe
Vehicle Title:Clear
Engine:Matching number Lotus
Fuel Type:Gasoline
For Sale By:Private Seller
Year: 1974
Number of Cylinders: 4
Make: Lotus
Model: Other
Trim: Standard
Power Options: Air Conditioning, Power Windows
Drive Type: RWD
Mileage: 19,650
Exterior Color: Burgundy
Warranty: Vehicle does NOT have an existing warranty
Interior Color: Tan
I am selling this car for a neighbor of mine that is an 85 year old optometrist. He has had the car for a number of years and while in his ownership has had it painted, engine overhauled, had carbs rebuilt, new electric fans, water pump, and thermostat. He has not driven the car much and now he can't get into it. I have driven it to check it out and it seems to run well. It starts, stops, and drives well. The AC works as does the radio. It has power windows but the passenger does not operate. The tach works but the speedometer does not. It is a 39 year old British car and will need some tinkering. According to the 2013 Sports Car Market price guide there were a total of 2225 of these made from 1974-1980 and has a buy-sell range of $7500 low-$10'000 high. The car is given a D Grade for investment (Cars that had the potential to be interesting but failed to be successful in the collector car marketplace). It is however given a **** star rating for appreciation meaning it will outperform the market at large; perhaps 10% gain in 12 months. You can call me with questions, Mike @ 507-560-5015 or Bill the owner @ 507-388-4070.
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Lotus Esprit cancelled? [UPDATE]
Thu, 04 Oct 2012Two years ago, we were gobsmacked when humble Lotus shocked the automotive world by wheeling out no fewer than five new models - admittedly in various stages of development - at the 2010 Paris Motor Show. The ambitious onslaught of new sheetmetal came at the behest of then-CEO Danny Bahar who aimed to broaden the British marque's appeal by dramatically expanding its portfolio. Bahar was later thrown out by new Malaysian owners DRB-Hicom in a management shakeup that seems to still be, well, shaking out. Bahar was deposed over accusations of financial wrongdoing and the controversial executive has fired back with a $10.6M lawsuit.
Against this chaotic background, a cornerstone of Lotus' revival plans hinged on the rebirth of its Esprit supercar (shown in 2010 concept form above). According to new reports, however, the Esprit has been cancelled, a victim of the company's uncertain finances and direction. Depending on which rumor you choose to believe, the two-seat coupe was slated to receive a house-built V8 and possibly turbocharging or hybrid power. That may all be moot now, however, as DRB-Hicom is reported to have scrapped Bahar's plans wholesale, a development that apparently includes killing off the mid-engined Esprit, too.
UPDATE: And this, friends, is why we have this story with a question mark and a Rumormill tag - Lotus is denying that the Esprit has been killed off.
Kimi Raikkonen moving to Ferrari?
Wed, 14 Aug 2013Kimi Raikkonen, easily one of our favorite current drivers in Formula 1, may be making a move from Lotus to Ferrari, according to a Finnish tabloid called Ilta-Sanomat. Raikkonen, who won the driver's championship in 2007 with the Italian brand, is in high demand and is also rumored to have options on the table from Red Bull and his current team.
Of course, a move by Kimi to Ferrari means at least one of the Maranello-based outfit would need to find another ride. Driving ace Fernando Alonso has publicly voiced his displeasure with the Ferrari chassis, and rumors have the Spaniard considering a move to Red Bull to replace Mark Webber. Buckle up, folks, this Silly Season is shaping up to be bumpy...
Lotus Evora GX to race in U.S. Grand-Am series
Thu, 26 Jul 2012The Lotus Evora has taken many forms as a race car over the past few years, starting in 2009 with the Type 124 Endurance Racer built for the FIA GT. Since then, Lotus has developed a GT4 Cup version designed for a one-make series, the Evora GTE that currently competes in the GT class of the ALMS and the recently introduced Evora GTC.
Now, Lotus has released the Evora GX, a variation of the GTC tweaked to specifically meet the requirements of Grand-Am's new GX class that will launch at the start of the 2013 race season. While the two cars are very similar, using the same lightweight carbon fiber and plexiglass bodywork, the GX version gets a thicker U.S.-spec roll cage, a revised front splitter and bumper, a standard Grand-Am rear wing, yellow headlights and a new fuel filler system. ABS and traction control have also been removed per Grand-Am regulations.
Pricing for the Evora GX is listed at $335,000 with each one built to order, and one customer has already taken the plunge. McMahon Raceworks has placed an order and should have the car on the starting grid at the first race next year.
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