Lotus to build its own engines
The company currently sources its engines from Toyota and it was mooted that the V8 engine in the Lexus IS-F would be used for the Esprit.
However, customer clinics carried out by Lotus revealed potential buyers were uncomfortable with the idea of £100,000 Lotuses with Toyota engines.
It's thought that the Lotus V8 engine could be cut in half to make a 2.4-litre, four-cylinder engine for the Elise replacement in 2014.
Lotus also says its new Elan – part of an ambitious five-model product plan revealed at the Paris motor show last year – will now not be on sale until 2017. The Porsche 911 rival was expected in 2013.
The company has also revealed that it'll make a new Ethos city car in 2014. It has been co-developed with Proton and will be sold as a Lotus in Europe.
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