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...
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When sports car company Lotus had announced the end of its title sponsorship of the Lotus F1 team, a red flag was raised as concerns over Group Lotus’ financial problems surfaced. Now, new reports reveal that the troubles facing the automaker are more than meets the eye. Earlier warning signs were brought to attention this year… 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...
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...
While Hyundai‘s undoubtedly been on a roll lately, they haven’t quite managed to bend the laws of physics, despite what their newest stunt may suggest. Hyundai’s Malaysian arm suspended a 2012 Accent from the vertical face of a building, and had a driver wearing some futuristic garb descend towards the Accent. Through the use of… Continue Reading...
Malaysian automaker and Lotus Cars parent company Proton has announced the results of talks with Volkswagen and, well, there’s nothing to report. Like previous talks from several years back any planned collaboration between the two companies has been axed. According to previous reports, a deal between the two automakers would see Proton get platforms and… Continue Reading...
In the past few months Volkswagen has expanded to become an even larger global player, taking over Porsche and announcing a majority stake in Italdesign Giugiaro. Now Germany’s largest automaker may be looking to add yet another brand to its stable – Proton. The Malaysian automaker might not be all that familiar to audiences in… Continue Reading...
Lotus is set to return to Formula 1 next year and with a dedicated group of followers and the media circus that surrounds any British F1 team, the company has released some of its plans and ambitions for the 2010 season, along with the first full-sized wind tunnel model. Lotus F1 Racing Chief Technical Officer… Continue Reading...
Lotus CEO Mike Kimberley has announced his retirement as the head of the U.K. based sports car maker due to medical reasons. The 70-year-0ld Kimberley has been suffering from severe back pain, underwent surgery in 2008 and has now been advised by his doctors to resign his position. “Sadly, it is on doctor’s orders that… Continue Reading...