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Lotus to build the Opel Speedster/Vauxhall VX220

18 October 1999

At the 1999 London Motor Show Lotus will announce it has been commissioned
to manufacture the new Opel Speedster/Vauxhall VX220. Lotus also built the
original concept that debuted at the 1999 Geneva Motor Show.

Lotus worked with designers and engineers from the Opel/Vauxhall
International Technical Development Center in Ruesselsheim, Germany, from
the start of the project. This group created the Geneva Show car and its
production twin.

Powered by GM's new 2.2-liter ECOTEC four-cylinder engine, the
Speedster/VX220 will go into production in summer 2000. This is an
exceptionally quick turnaround, coming just over one year after the concept
was unveiled to the world.

Said Chris Knight, CEO of Group Lotus, "We are looking forward to building
the Opel Speedster/Vauxhall VX220 at our Norfolk headquarters. This exciting
new vehicle will bring cutting edge technology to a new sector of the sports
car market."

Lotus to Increase Manufacturing Capacity

Lotus is investing £6.0 million over the next six months to dramatically
increase the manufacturing capacity of the company's Norfolk facilities.
After expansion, Lotus will have the potential to build 10,000 cars per
year. This investment has been made possible by Group Lotus' growth over the
past two years.

This investment comes on top of the £19 million spent by the company to add
the Lotus Research and Development Centre, 20 new engine test cells, a
body-in-white studio, a £1.5 million paint shop, upgraded computer
equipment, and a comprehensive staff training package. This is in addition
to the purchase of the assets of MGA Developments - now Lotus Body
Engineering - in Coventry, England. LBE specializes in producing full-scale
models and prototypes.

Lotus Expands Diesel Engineering

Lotus and Powertrain Technology Ltd. (PTL) have joined forces to expand
their diesel engine research and development capabilities. Diesel engines
now account for more than 25-percent of Lotus' powertrain business.

AC: Powered by Lotus

Lotus and AC Cars of Surrey, England, are working together to optimize the
Lotus Type 918 V8 for use in the AC Ace and the AC Aceca. These front
engine, rear drive sports cars will add the compact, twin-turbocharged,
3.5-liter Lotus V8 to their lineup.

First installed in the Lotus Esprit V8 in 1996, the Type 918 V8 was designed
from the outset for multiple applications, and use by other manufacturers.
The AC Ace and AC Aceca are the first non-Lotus vehicles to use the Type 918

Lotus Tweaks Proton GTi

Lotus engineers worked closely with Proton to produce the GTi in just 15
months. The result is a 'hot hatch' with unrivaled aerodynamic stability and
downforce, plus the handling, dynamics, and grip customers expect from


Powertrain Technology Ltd. (PTL) and Lotus Powertrain Engineering have
joined forces to expand their diesel engine research and development

The 12-person strong PTL design team brings experience in direct injection
technology for both diesel and gasoline engine applications. Based at
Shoreham, Sussex on the south coast of England, PTL expects to grow to 30
staffers. This expertise will be combined with the knowledge the Lotus
Powertrain Engineering's staff of 400 has in the design and development of
volume production engines for major OEMs.

Said David Taitt, Head of Powertrain Engineering at Lotus, "Diesel
engineering has been growing strongly at Lotus over the last two years and
now accounts for more than 25% of our business. Our partnership with PTL is
one of strategic importance; greatly enhancing our capacity and capability
to exploit Lotus brand values of innovative, elegant, lightweight
technologies in this major growth area."

According to John McClelland, Director of PTL, forging this alliance made
perfect sense. "We recognize Lotus' ability to combine powertrain and
vehicle engineering skills to bring projects from the concept stage through
to mass production. Lotus offers the PTL team the opportunity to participate
in exciting projects, at the leading edge of technology, which PTL could not
undertake alone."

Lotus Powertrain Engineering is the largest division in Lotus Engineering,
the automotive engineering consultancy division of Group Lotus Ltd. By the
end of 1999, 10-percent of all of the new cars sold in Europe will be
powered by Lotus-designed engines