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I just read at CAR magazine today that there will be two versions of the Lotus Elite, one with a 542hp and the R version which will carry the 612hp. It will be front engined and rear wheel driven and the team putting this thing together are honchos from Ferrari and Mercedes. They say that this will be a make or break model for Lotus.
The Elite was re introduced (they had the Elite in the 70's) last Sept. 30 at the Paris auto show.
 
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