We’ve been hearing about the delays to the next-generation Lotus Esprit for quite some time now. However, according to AutoCar the Esprit program has been given the green light and we’ll hear more details when the company’s new CEO Danny Bahr is due to reveal his seven-year plan.

Lotus’ new CEO, Dany Bahar, said that he plans to build on the Hethel firm’s strong heritage to bring back the success it once had in the 1970s.

“Lotus was mentioned in the same sentence as Ferrari, Lamborghini and Maserati in the 1970s-1990s,” he recently told reporters. “Then, it got closed into a corner. We believe it’s the right time to bring Lotus back to where it was.”