proton

Volkswagen Considers New Bid for Lotus-Parent Proton

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Europe’s largest automaker is considering of putting in a new bid for Malaysia’s Proton in order to tap into the growing southeast Asian market. But perhaps the more interesting story here is that Proton owns iconic British sports car maker Lotus, which could consequently put the Lotus brand under Volkswagen‘s already impressive umbrella of brands… Continue Reading...

Lotus Owner Seeks Chinese Buyer for Brand: British MP Says

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Lotus‘ Malaysian owner DRB-Hicom is seking a Chinese buyer for the brand as recently as last night, flying in the face of information included in the automaker’s much-publicized “rant” press release from April 12. Continue Reading...

Lotus May Be Sold To China’s Youngman

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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...

Lotus Exits F1, But Lotus Name Remains

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Despite terminating its title sponsorship deal with Group Lotus, Lotus is committed to keeping its name in Formula 1 for the imminent feature. Confused? You should be. Group Lotus was recently sold by Proton to Malaysian automotive corporation DRB-Hicom, causing Lotus F1’s team owner Genii Capital to end its formal relationship with Lotus. Just a… Continue Reading...

Proton May Purchase Team Lotus F1

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 For the first two races of the 2012 Formula 1 season, Team Lotus has received a mixed bag of results. Formula 1 World Champion Kimi Raikkonen finished both races in the points despite mediocre qualifying. Meanwhile, GP2 champion Romain Grosjean displayed rapid pace during qualifying but suffered a DNF for both races. Such is the mix… Continue Reading...

New Lotus Models In Jeopardy as Development Halted

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It’s hard out there for a sports car manufacturer, especially if it is owned by a larger company. Lotus has been owned by the Malaysian car company Proton since 1995, when the company was bought from the then bankrupting Bugatti (which itself got eventually bought out by VW). Over the last 17-years, Lotus has not… Continue Reading...

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...

Proton Could Sell Lotus Admits CEO

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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...
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