USA / Global
lotus sale Articles
Group Lotus headed to court over a creditor dispute - report
According to a recent report, Group Lotus - which consists of Lotus Cars, Lotus Motorsport and Lotus Engineering - will be in court later today as a result of an application to wind down operations.
Mar 18 2013
Bahar to sue Lotus owner over sacking - report
Dany Bahar, the sacked boss of former Lotus F1 Team sponsor Group Lotus, has reportedly decided to sue the struggling sports car maker. The Turkish born Swiss was dismissed at the end of an investig...
Jun 18 2012
DRB-Hicom contemplating Lotus F1 team sale
There is little good news to report about the Lotus F1 team at present. The UK financial website thisismoney.co.uk reports that the Enstone based team has recorded a $32 million pre-tax loss for las...
Jun 10 2012
Lotus CEO Dany Bahar fired
Group Lotus CEO, Dany Bahar, has been terminated with immediate effect. The announcement follows an investigation of Bahar for misconduct in the use of company funds and subsequent suspension last month.
Jun 07 2012
Lotus won't be sold
Following the suspension of Lotus CEO Dany Bahar, Proton has issued a statement that says DRB-Hicom has no plans to sell the troubled automaker.
May 29 2012
Lotus goes off the deep end with a rant against the media and Caterham
Following reports that DRB-HICOM was considering putting Lotus into administration, the company has gone off the deep end with a wide-ranging attack on journalists and Caterham.
Apr 11 2012
Lotus could go into administration - report
Lotus' new parent company, DRB-Hicom, could be looking at putting the brand into administration to free itself from approximately £200 ($317) million worth of debt.
Apr 11 2012
Group Lotus no longer Lotus team sponsor
Group Lotus will no longer sponsor the formula one team that bears its name. But - as F1's perpetually bizarre 'Lotus' saga takes another twist - the Enstone based team, formerly Renault, will conti...
Apr 06 2012
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Lotus development delayed, sale decision coming within weeks - report
According to a recent report, a decision on Lotus' future will be announced within a few weeks.
Mar 15 2012
Lotus announces new car for Geneva, downplays talk of sale
Lotus faces a hazy future with Proton being sold to DRB-Hicom, but the company's five-year product plan remains intact.
Feb 15 2012
Lotus preparing for a buyout - report
The Malaysian government recently reached a deal to sell Proton to DRB-Hicom and a new report is indicating Lotus CEO Dany Bahar is looking for potential buyers for the British brand.
Jan 30 2012
Proton sold to DRB-Hicom
The Malaysian government has reach a deal to sell a 42.7% stake in Proton to DRB-Hicom for approximately $411.9 (€325.8 / £269.2) million.
Jan 16 2012
Lotus is ripe for sale by Proton - investors
According to a report by Bloomberg, Malaysian investors say the time is now for government-owned Proton Holdings Bhd. to sell its stake in Lotus Group International Ltd.
Dec 30 2011
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