Used cars like the Lotus Elise are very light and very fast. So it was no Surprise that the automaker has found ways to keep this light and fast sports car racing as they did when they were in the 60's and 70's in the "Formula One". They were well-known in the "Formula One circles to circumvent the rules. The Elise weighs in at 1984 POUNDS and can run at speeds of 150 miles per hour. Lotus Uses a Toyota 1.8-Litre, four-cylinder engine.