"Lotus previously believed that Evora sales would have been augmented by a new product using substantially the same platform, upon which compliance with the higher speed 5th percentile female belted requirements would have been developed. However, Lotus states that it stopped that development program due to poor Evora sales and repositioning of its business (moving from the entry level premium segment to the high performance, luxury sports car segment)."
I wonder if that references the delay in getting the Esprit out the door ... or if they mean one of the other models (Elan??) that they have since put on hold. Hmm, or thirdly, that their move from 'entry level premium' to 'high perf lux sports cars' caused the demise of the Evora derivative.
"Lotus expects that this development would cost over $4 million. Lotus states that it does not have sufficient financial resources to complete this development. Lotus’s financial statements show that from the period between April 2007 and March 2010, the company experienced losses of approximately $40 million. With an exemption, Lotus predicts that it would make a profit of approximately $24 million between April 2010 and March 2014. Without an exemption, Lotus predicts its profit in the same period would be reduced to $13 million. However, Lotus contends that the financial impact would be greater because, without the exemption, Lotus would withdraw from the U.S. market and lose its market share, resulting in intangible losses such as loss of brand image, complication of reentry into the U.S. market in the future, and job losses."