Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom

Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom
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In a deal eclipsing $410 million, DRB-Hicom purchased a 43 percent stake in Proton, a Malaysian automaker better known for its ownership of the famous British sports car brand, Lotus. Originally, the stake belonged to Malaysia’s state-owned Khazanah Nasional Bhd. However, as Proton has not made a profit in the last two years, multiple prospective… Continue Reading...

Lotus City Car Concept Headed to Production in 2013

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Lotus City Car Concept Headed to Production in 2013
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Lotus, a company best known for producing great sports cars like the Elise and the iconic Esprit, is about to head into a whole new direction. While it will continue building sports cars, Lotus CEO Dany Bahar has announced that in October, 2013 the company will produce its City Car, which was shown as a… Continue Reading...

Proton Expands Product Portfolio with Rebadged Lotus Europa, Mitsubishi Evo

Proton Expands Product Portfolio with Rebadged Lotus Europa, Mitsubishi Evo
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Malaysian car company Proton, which normally only makes boring econo cars, is set to make some vehicles that will excite enthusiasts. However, these cars aren’t exactly Proton originals. First up is the Lekir, which is essentially a Lotus Europa dressed up in re-altered clothes. Lotus (which is owned by Proton) had recently discontinued production of… Continue Reading...
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