Apparently part of that plan is to terminate its advisory board, including former General Motors Vice Chairman Bob Lutz. The move is undoubtedly a cost-cutting measure for Lotus, which also points at the prospect of a buyout in the imminent future. We’re already well aware that Volkswagen is considering a new bid on Proton, the parent company of Lotus, which could be a reality.
Of course the advisory board’s axing could just be part of the cleanup process with Bahar’s departure. The board was put in place by the former CEO and also consisted of Formula One designer Gordon Murray, and former BMW North America CEO Tom Purves.
[Source: The Detroit Bureau]