Sale of Lotus not being considered now by DRB-HICOM

Article by Christian A., on May 16, 2012

The fate of Lotus is unclear as it’s not known yet what Proton’s new owners DRB-HICOM are planning. The possibilities include selling Lotus, modifying its management plans, or simply not changing anything about Lotus. According to an Autocar report, a sale isn’t being considered now. At Lotus headquarters last week, Dato’ Sri Haji Mohd Khamil Bin Jamil, managing director of DRB-HICOM, paid a visit.

He told Lotus management and staff that its priority wasn’t to sell the company but then, he said that he won’t say “never” to a sale. He divulged that DRB-HICOM was presently creating a plan for Lotus, and that it may take months before a decision could be made.

This is due to the complexity of the situation. Jamil said that for now, DRB-HICOM will continue to give financial support to Lotus. Ever since the Malaysian government chose to divest itself of its stake in Proton and sold those shares to DRB-HICOM, the British company has been on shaky ground. While the shares were being moved, Lotus implemented a development freeze for 60 days. This had ended just recently.

Since then, Lotus has returned to producing the Elise, Exige, and Evora sports cars (the Evora is the only one still available in the U.S.). Lotus has also been working on special edition models for the Goodwood Festival of Speed this June, and is now developing a new V-8 engine and automated manual transmission that will be fitted on the future Esprit supercar. [source: Automobile]

Topics: lotus

If you liked the article, share on:

Comments

Recommended

New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
In an interview involving Lamborghini CEO Stefano Domenicali and Automotive News, the topic about the Urus was thoroughly discussed. This super SUV is scheduled to make its debut later this...
by - June 23, 2017
Porsche definitely adores variety. You’ll see what we mean if you browse through the official company's website that shows a plethora of various 911 models. And now, the German marque...
by - June 23, 2017
2018 Ford Expedition is on its way to the market, and will be arriving at dealerships this fall. The all-new SUV will come with a new design, new EcoBoost engine,...
by - June 23, 2017
The 2018 Porsche 911 GT2 RS that made its debut not so long ago at the E3 video game expo in Los Angeles has already been sold out according to...
by - June 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries