Report – Zenos, an exotic manufacturer much like Lotus or Caterham is now bankrupt image

The Zenos Cars exotic manufacturer was founded just five years ago in the United Kingdom by former Lotus and Caterham engineers – but sadly now the company has entered administration mode.

The two engineers wanted to manufacture the best lightweight sports car for the road, but now it seems the dream has come to an abrupt end because the firm has entered administration. The Norfolk, U.K.-based outlet has seen sales going down and lots of order cancellations – and now Irvin Cohen and Gary Shankland of the consultancy firm Begbies Traynor have been named administrators. “It is with great disappointment that the board has had to take this step. We still believe that our products offer unrivaled affordable fun and we have already made very good progress in developing the next product in our strategy,” commented Zenos CEO Mark Edwards.

The company until now offered three versions of its E10 sports car, first seen on the road back in 2013 – the entry-level E10 comes with a naturally-aspirated four-cylinder engine making 200 horsepower (149 kilowatts) and 154 pound-feet (210 Newton-meters) of torque, while the E10 S has a turbocharged EcoBoost good for 250 horsepower (186 kilowatts) and the flagship E10 R comes with the turbocharged EcoBoost engine that matches the Ford Focus RS’s 350 horsepower (260 kilowatts).

Via Autocar