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Lotus settles with ex-CEO Dany Bahar, avoids London High Court

Five years after it began, it appears the Dany Bahar tenure at Lotus is finally over. After former Lotus owner Proton brought in the ex-Ferrari and Red Bull marketing savant to run the company in 2009, everything had gone pear-shaped by 2012: Proton had been sold to Malaysian auto supplier DRB-Hicom, who suspended Bahar and then fired him for what it said were expense-account transgressions (although Bob Lutz reportedly said something different).
The separation led to the expected suit and countersuit, Lotus going after Bahar to get its money back, Bahar filing a $10.6-million suit againt Lotus for wrongful termination and potential bonus money. The case was set to go to trial next month but both parties have settled, the terms undisclosed, a DRB-Hicom statement saying only that "the parties involved in the legal suit have signed a Settlement Agreement and Release... and have agreed to withdraw their claims against each other."
Now that that bit of housecleaning is all cleared up, can new CEO Jean-Marc Gales please get our Esprit?

Lotus Esprit all but ready to go, but held back by management issues

Brief and disappointing is this report from Autocar on the status of the Lotus Esprit: it is finally ready and sitting at the light, but the light might not go green for a long time. The good news is that from being a concept two years ago at the Paris Motor Show, the aluminum and carbon fiber revival coupe is "purportedly almost finished." It is powered by a twin-turbo, 5.0-liter V8 with something like 650 horsepower, boosted by a kinetic energy recovery system (KERS) and shifting through a seven-speed paddleshift transmission. Even with all that, the UK price is said to be around that of a Porsche 911 4S Cabriolet, and the car only needs "signing off and minor tweaking."
The bad news is that former company owner Proton couldn't stay independent long enough to see through the company's ambitious five-concept-car assault - led by then-CEO Dany Bahar who was hired explicitly to lead such a campaign - and was swallowed up by Malaysian auto supplier DRB-Hicom. For a brief spell Lotus had to shut down production for lack of funds. Then the new owner cleaned house, sweeping out Bahar and, according to the Financial Times just one month ago, the Esprit and every other concept with it. Just after the FT piece came out, Lotus denied the Esprit had been canceled. Still, according to Autocar, the management whirlpool is keeping the Esprit "far from becoming a production reality."
If we're honest with ourselves, we'll keep in mind that the Esprit has been slipping into and out of a terminal ether for what seems like decades. None of us knows what is going on inside Hethel HQ, but the fact that there really is a lightweight, twin-turbo, 650-hp Lotus Esprit finally ready to be produced has to be, in spite of all else, very good news.

James Bond Lotus Esprit submarine car headed to auction [w/video]

We've covered many cars from the movies and TV that have made their way to auction (the original Batmobile, good old General Lee and even Bond's iconic Aston Martin DB5), but this one ranks up there among the rarest and coolest. RM Auctions has just announced that the Lotus Esprit submarine car used in the James Bond film The Spy Who Loved Me has been added to the docket for its upcoming auction in London, September 8-9.
Of course, there are dozens of Bond cars floating around out there in collections, but none as unique as this Lotus, which ended a chase scene in the movie by taking a long walk off a short pier and transforming itself into a submersible. Since CGI was a meaningless collection of letters back then, the producers of the film actually built a fully functional Lotus Esprit submarine for the shoot. They hired Perry Oceangraphic in Florida to turn one of their six Esprit body shells into a fully functioning submarine, and former US Navy Seal Don Griffin was tapped for piloting duties. RM Auctions claims the Esprit submarine cost over $100,000 to build at the time, which is about $400,000 in today's dollars.
The submarine car comes with a incredible story, too. After filming in the '70s, it was shipped to Long Island, NY where it was kept in a storage unit that was paid in advance for ten years. When the storage contract ended in 1989 and no one claimed the contents, they were sold off in a blind auction to an area couple who had no idea what they were getting. The car has been shown occasionally in the years since, but its value remained purely speculative, until now. To date, the most valuable Bond car we know of is the original Aston Martin DB5 used in Goldfinger and Thunderball that sold for $4.6 million in 2010, but when the gavel falls at RM Auctions' London sale in September, we'll find out if the car nicknamed "Wet Nellie" on set can beat it.