10th June 2009
Team Lotus and 2010 Formula 1
Group Lotus plc and its subsidiary Lotus Cars Limited, the manufacturer of the iconic Lotus Elise and global high technology engineering consultancy, are not connected or affiliated to, nor in any other way associated with the newly announced "Team Lotus" that has submitted an entry for the 2010 Formula 1 championship. Group Lotus plc will take all necessary steps to protect its name, reputation and brand image.
Lotus will continue to focus on the tremendous worldwide opportunities that exist for its core businesses. Lotus Cars has recently launched the stunning new Evora 2+2 global sportscar to great acclaim and deliveries to the first customers are imminent. The company is pulling all stops to ensure production meets demand. Lotus Engineering, one of the market leaders in automotive green transport solutions, is currently working with many of the world's vehicle manufacturers on state of the art projects with plans of growth in its international targeted markets such as Malaysia, China, USA and India.
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 recognised 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, and the Exige and Europa. Lotus’ latest model, the Lotus Evora, goes on sale from Spring 2009. 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.
For more information about Lotus please contact:
PR Department; Group Lotus plc,
Potash Lane, Hethel, Norfolk, UK, NR14 8EZ
Tel: +44(0)1953 608264;
Email:
pr@lotuscars.co.uk