Abarth Rumored to Develop Lotus Elise Based Sports Car

Ever since Fiat re-launched its Abarth brand, we’ve been hearing rumors about a stand-alone sports car that will act as a “halo” car for the Italian brand. Now, British magazine Autocar is reporting that it has learned from credible sources that Fiat has struck a deal with Lotus to use the next generation Elise that’s expected in 2010 as a base for a lightweight sports car with a mid-engine,