Official: Lotus will not be sold

Article by Christian Andrei, on May 28, 2012

Last Saturday we announced you guys that Lotus CEO Dany Bahar was suspended by company’s new Malaysian owner and this appears that it created lots of buzz as DBR-Hicom released an official press release today. According to the new owner, Lotus can provide value to Proton and as a result it will not be sold.

Regarding Dany Bahar, the company wanted to clear things out and said that he was temporarily suspended in order to facilitate an investigation into a complain about his conduct made by DRB-Hicom. Moreover, DRB-Hicom is currently reviewing existing business plans and finances of all Lotus Group companies.

Of course, if Bahar will be cleared and back at Lotus, it is a sign that the new company will want to continue his turnaround plan. If not, the 1,000 Lotus employees will get angry as it will be a lot of uncertainty on where Lotus goes from here. Back in April, DRB-Hicom, controlled by billionaire Syed Mokhtar Al- Bukhary, hired KMPG consultants in order to evaluate Lotus. If you ask us, this could be a move to sell the well-known British sports cars manufacturer.

Topics: lotus

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016