As of today, it's back, with a bold plan to have a new electric car rolling off the line by the end of 2014.
The brand was first revived in 2008 by Albert Lam, the former CEO of Lotus Engineering Group and Managing Director of Apple's Asia operations. The plan was to build an electric car based on the Malaysian Proton sedan, and put an electric drive train in a Lotus Elise. But nothing happened, according to Wired.
Then today, the company announced it's back, again, and intends to create 180 jobs in Michigan by the end of the year. It is setting up shop in the Fisher Building in downtown Detroit. Its car will be a limited edition, 100 percent electric two-seater.