By Ronan Glon
Friday, Apr 27th, 2012 @ 6:23 am
 
Troubled Lotus has managed to secure the necessary funding from parent group DRB-Hicom to restart production at its Hethel, England, assembly plant.

Starting early next month, the company will be producing the Elise, the Exige and the Evora at a rate of about 44 cars a week.

The cash infusion will also allow Lotus to continue the development of its upcoming V8-powered Esprit. All models planned after the Esprit have been temporarily put on the back burner.

That doesn't mean that nothing new will come from Lotus in the near future. The automaker has confirmed that it will launch three improved versions of existing models at the Goodwood Festival of Speed that will be held next June in England. Lotus will be the featured brand at the festival.

Lotus CEO Dany Bahar told England's Autocar that new owner DRB-Hicom is still not sure what to do with the brand. It can either continue to run Lotus as-is, draft up an alternative management plan or sell the brand altogether.

On a more positive note, Bahar indicated that Lotus China Symphony, the brand's Chinese importer, has opened up three dealerships so far. It plans on inaugurating 13 more by the end of 2012.

Lotus undoubtedly has tough times ahead of it, but its future looks brighter than it has in recent weeks.

"My job is to convince our shareholders "" and critics "" that we can build a successful business here. But I'm feeling a lot happier now than I was a month ago," said Bahar.