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2 March 2010

Group Lotus and Cosworth announce strategic partnership

Two of Britain’s most renowned automotive names to become closely associated through a strategic partnership looking at the opportunity to develop high performance engines for Lotus road and race cars.

The new partnership includes the supply by Cosworth of high performance engines based upon existing Toyota engines for future Lotus cars and the assembly by Cosworth of racing engines for all motorsport activities which are based on Toyota powertrains. The first application of these race engines will be for the V6 engine in the new Lotus Evora Cup racing car.

Dany Bahar CEO of Group Lotus commented, “The ties between Lotus and Cosworth are, of course, already historical ones but our new strategic relationship is based purely on Cosworth’s competencies, brand and race engine development capabilities. This new strategic partnership will align two of the most renowned names in the automotive world and will be of huge benefit for both organisations.”

Tim Routsis, CEO & Managing Director of Cosworth Group said, “I am delighted that the Cosworth name is once again linked to Lotus through this new strategic partnership and these new high performance engines. Our mutual history over many decades resulted in a great number of racing successes and I expect to see further triumphs not only on the racetrack but also in the competitive high performance sportscar market, where Lotus is already acknowledged as a world leader.”