The new Lotus Elite

Lotus is set to unveil the brand new "Elite" at the Paris Motor Show. Reviving the old name, the company says that the car will redefine “modern classic”.

The car is powered by a front-mid positioned 5.0 litre V8 petrol engine with the optional use of hybrid technology with KERS. According to their press release, the car can go from 0-100 km/h in approximately 3.5 to 3.7 seconds.

There are plans for a retractable hard top version as well.

The car is set for release in spring 2014 and will be priced around £115,000.

The picture here is a Production Intent Prototype, it represents a concept vehicle being designed and developed by Lotus Cars.