Lotus Elan F1 supercar, reportedly said that his only disappointment with the McLaren F1 was that he could not give it the perfect steering of the Lotus Elan. In 2004, "Sports Car International" named the Elan number six on the list of Top Sports Cars of the 1960s. The original version of the car was designed by Ron Hickman who also designed the first Lotus Europa as part of Lotus' GT40 project bid and made his fortune having designed the Black & Decker Workmate. Because of its successful design and rigorous attention to cost control on the body, chassis, engine and the
Lotus Cars 100% of North American–based LPCI to General Motors, with engineer Bob Eaton a big Lotus car fan. After four months of controlling but co-owning Group Lotus with Toyota, the Japanese company sold out to GM. By October 1986, GM had acquired a 91% stake in Group Lotus for £22.7 million, which allowed them to legally force the company buyout. On 27 August 1993, GM sold the company, for £30 million, to A.C.B.N. Holdings S.A. of Luxembourg, a company controlled by Italian businessman Romano Artioli, who also owned Bugatti Automobili SpA. In 1996, a majority share in Lotus was sold to