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Lotus Elan S4 1968 Convertible Project Car With Ca Title! on 2040-cars

US $10,999.00
Year:1968 Mileage:55000
Location:

Flanders, New Jersey, United States

Flanders, New Jersey, United States

 This is a project car, but I do have a title for it that is transferrable. Car has not run since the mid 80s. As you can see from the pictures, the body is almost complete, and can be repaired and painted . The interior is shot but most parts are there to restore (you will need many new parts, however). the chassis seems almost rust free and clearly in restorable condition. there is no soft top or frame. in the engine bay there is an engine block and transmission. Assume, of course, that they need to be rebuilt. The car rolled into my storage unit, but assume you will need to replace suspension and brakes. Wheels are not bad and can be refinished.

The car is sold AS IS of course. I know almost nothing about it and it has not been checked mechanically.  I bought it as a project , and it has been standing  until today.


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A vehicle as light and agile as the Lotus Exige is all about driver involvement, but those enticed by the nimble sports car's handling and performance who aren't keen on working a stick shift now have another option at their disposal.
Lotus has just announced the availability of an automatic transmission on both the Exige S and Exige S Roadster. For an extra couple thousand euros or pounds sterling, customers will now be able to order a six-speed automatic transmission. The two-pedal setup includes paddle shifters and Sport or Race modes that optimize shifting for "a more spirited drive."
Equipped with the slushbox, the Exige S Automatic is just as quick around Lotus' famous factory test track in Hethel, and even pips the manual version's 0-62 time by 0.1 second, now down to 3.9. Unfortunately, since the Exige isn't available Stateside anymore, however, American buyers can't get their hands on either version.

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When the Malaysian government sold Proton to Malaysian auto supplier DRB-Hicom earlier this year, a forensic accounting team from Ernst & Young and The Rothschild Group started going over the books. Not long after, Bahar was suspended in June from his position and then fired. In his countersuit against DRB-Hicom, claims of lavish spending began to surface. Then the stories and leaks and rumors really began, the UK's Financial Mail reporting on more than one million pounds spent on private flights and home renovations, the New Zealand Herald talking about other executives sacked so that DRB could rearrange a 270-million-pound bank loan to Lotus, and rumors on forums about Bahar flying from his home in Norfolk to Hethel HQ and spending 30,000 pounds on motorsports books for his office.
In the latest Bloomberg report it is said that DRB-Hicom seeks 2.5 million pounds ($4 million US) from Bahar "for unauthorized expenses and overpaid salary and bonuses," including the purported expense of 3,000 pounds on watches for company managers. DRB-Hicom also says Bahar made damaging statements to the media, on top of breaching his contractual duties. Bahar's countersuit seeks $10.6 million from DRB-Hicom.

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