Lotus: “It’s no secret that we are going through a very difficult time”

Lotus has decided to release a statement to quash rumours it is calling in the administrators. Since the Formula 1 debacle which saw major sponsors pull out, the name Lotus has been bandied about with all sorts of speculation as to the future of the British company.

“There have been and continue to be positive discussions between Group Lotus senior management and senior management at DRB-HICOM both here in Hethel and in Malaysia,” the statement said. “Despite various rumours in the media to the contrary, at no point has DRB-HICOM indicated to Group Lotus that they intend to put the company into administration.”

Some had said that production had stopped, while others speculated that CEO Danny Bahar’s absence was a sign of the company going south. According to Lotus, none of that is true.

“It’s no secret that we are going through a very difficult time at the moment due to the change in ownership,” continued the statement, “but we’re doing everything we can to get through this period and come out the other side stronger than before. We’re very grateful for the continued support we receive from the people of Norfolk and all over the world.”