Lotus and former CEO Dany Bahar are no longer preparing to lock horns in London’s High Court. Continue Reading...
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In what is turning into a very bitter divorce between Lotus and ex-CEO Dany Bahar, the British automaker is firing back with a lawsuit of its own, claiming that Bahar spent company money on his extravagant personal lifestyle. Continue Reading...
Far from its conclusion, the saga between Lotus and former CEO Dany Bahar will soldier on now that the ex exec is suing for 6.7 million pounds ($10.6 million). Continue Reading...
Clearly, Lotus wants to rid itself of anything that has to do with former-CEO Dany Bahar. The British automaker is now selling Bahar’s custom 2002 Esprit V8. Continue Reading...
Following Lotus CEO Dany Bahar’s termination, the brand is abandoning the plan he championed to bring six new sports cars to market using the company’s engines and transmissions. Continue Reading...
Two years removed from announcing its “new era“, British automaker Lotus has withdrawn from attending the 2012 Paris Auto Show. Twenty four months ago Lotus was the star of the show, unveiling an entire new future lineup of vehicles. Continue Reading...
After being fired for questionable conduct, ex-Lotus CEO Dany Bahar is suing his former employer for wrongful dismissal. Continue Reading...
Rumors have been quick to swirl around Lotus and its CEO, Dany Bahar, this year including speculation that trouble with the company brewed beneath the surface. Those rumors were repeatedly dismissed, but now the word is out: Bahar has been temporarily suspended. Continue Reading...
British sports car firm Lotus has been battling with finances and trying to secure its future ever since its parent company Proton, which was Malaysian state owned, was sold to DRB-Hicom. Continue Reading...
Throwing a curve ball right down the media’s throat, Lotus issued a press release today that aimed to disarm and diffuse the flurry of speculation and jokes. It did so by writing in completely unacademic, and some might argue, unprofessional style. Above the text, a borrowed copy of Sniff Petrol’s satirical photo (seen above) that portrays CEO Dany… Continue Reading...
More energized than ever, this morning Lotus PR announced a high-profile event at the upcoming Geneva Motor Show. Providing little more than an unusual image of a hat tan, bikini top, and a bottle of sunscreen(seen above), Lotus says, “Our philosophy has always been ‘less is more’. Now, with a display of true fighting spirit,… Continue Reading...
At present, Lotus requires funding of around £500m ($790 million) in order to fund the development of future street cars, which includes new Elan, Elise and Esprit models. Continue Reading...
Rumors of the sale of Lotus by its Malaysian parent company Proton have increased steadily since the appointment of CEO Dany Bahar, who has done little to dissuade the rumors. Rather than a sign of instability, Proton has committed to funding the “new Lotus”, and Bahar’s actions have helped keep the small sports car maker… Continue Reading...
Fans of Formula 1 racing and Lotus must have spent this year feeling a bit confused regarding who they should support, since there were two teams going by the name Lotus. There was Team Lotus, a private team founded by Tony Fernandes (who also owns Caterham Cars), and then there was Group Lotus which was… Continue Reading...
In a fit of corporate community outreach, Lotus hired Swizz Beatz (Kasseem Daoud Dean) to head Lotus’s Creative Design department, which may sound like the plot to a screwball 80’s comedy (Gung Ho meets Trading Places?) but actually came with a press release. The rapper and hip-hop producer wasn’t just chosen to become Lotus’s spokesman—no,… Continue Reading...
Lotus has officially confirmed the use of its own V8 engine which will first be featured in the 2013 Esprit. Lotus is following its ‘New Era’ plan to launch five new models with less reliance on Toyota engines. Lotus decided last Christmans to design and develop its own V8 engine. Chief executive of Lotus, Dany… Continue Reading...
Ever since the Lotus Esprit V8 went out of production in 2004, Lotus has been exclusively using Toyota engines for its cars. While these motors have provided power and reliability, many customers of the brand feel that the company should have its own engines. After all, can you imagine a Ferrari being powered by anything… Continue Reading...
What season of F1 would be complete without the off-track drama? The complex battle between racing teams Group Lotus and Team Lotus rages on, indicating that the previous ruling for the rights to the Lotus name didn’t end the dispute yet. Turns out, the high court judge had given Group Lotus the go-ahead to use… Continue Reading...
Lotus impresario and well-coiffed CEO Dany Bahar has denied reports that he’s planning to divorce Lotus from its Malaysian parent company Proton—right after he mentioned that, well, he might. During a recent interview, Bahar mentioned that he wanted to bring Lotus up to Porsche-killing standards, and in order to do so, he would have to… Continue Reading...
Lotus CEO Dany Bahar has made numerous changes to the storied British brand since he joined the company in 2009 and he’s not done yet. In a recent interview he made known his desire to see Lotus split off from its current Malaysian owner Proton, in search of a major global automaker – like Toyota…. Continue Reading...
While the upcoming Lotus Esprit has been announced using a supercharged version of the Lexus IS-F’s 5.0-liter V8, that may all change when the new high-powered exotic comes to market in 2012. Lotus CEO Dany Bahar, in an interview with AutoCar, commented that the storied British sports car maker is now examining the possibility of… Continue Reading...
Lotus has announced that it will join the big boys in 2012, racing against both Honda and Chevy in the Indy Car series. Indy Car has seen its fan base diminish over the years and the fans called for an end of the spec series. Finally the governing body decided to take action, opening up… Continue Reading...
Oh Lotus, you think you’re just so clever don’t you? With rumors flying that the British sports car company will be unveiling the next generation Esprit at this year’s Paris Auto Show, Lotus has just released these photos of company CEO Dany Bahar’s personal Lotus Esprit. Along with a thorough detailing, Bahar’s Esprit received a… Continue Reading...
Lotus has just announced the appointment of a new Chief Technical Officer, while subsequently confirming the departure of the recently hired Chief Operating Officer Frank Tuch. Tuch is leaving for Volkswagen, but not without importing important information to the team at Lotus. According to Lotus ECO Dany Bahar, “We were able to reach a mutually… Continue Reading...