Lotus Will Not Be Sold: Owners Says
Poor Lotus. The company that just wants to make cool cars is still caught in the middle of a corporate acquisition that threatens the company’s existence one day and reassuringly cooes to it the next.
At least the latest suggests that the company has a stable future ahead, though for how long nobody can say. The tumultuous story started when Lotus’ parent company Proton was taken over by DRB-Hicom. Since then, production shutdowns and uncertainty have characterized the British automaker’s status.
Last week, a DRB-Hicom executive stopped by the Lotus headquarters to reassure employees of their future. It seems the due diligence that sparked this uncertainty to begin with is still in progress, but that financial support will continue during the process.
Development on new models is moving forward for the company and the 60-day production halt is over. Lotus was a key asset in purchasing Proton according to DRB-Hicom. The company has been in a holding pattern for quite a while, which is damaging to business, but it doesn’t look like anything will change until change drastically until the company comes to a final decision about Lotus.
Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.
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A DRB-Hicom executive stopped by the Lotus headquarters to reassure employees