Lotus Not For Sale
Suspension of Danny Bahar fuels fears that DRB-Hicom is preparing to sell Lotus

Proton has issued a statement saying that DRB-Hicom is not considering a sale of Lotus. "We acknowledge that Lotus can provide value to Proton. Lotus is an iconic brand with global presence and positioning, coupled with unsurpassed engineering expertise and a talented work force," Proton said.

As we reported last week, Danny Bahar has been placed on a temporary suspension as an investigation into a complaint about his conduct made by DRB-Hicom, the statement said, without specifying details of the complaint.

The report notes that Proton and DRB-Hicom are reviewing existing business plans and finances of all Lotus Group companies.

"Dany Bahar was the key player behind the turnaround plan for Lotus," said Alexander Chia, an analyst at RHB Capital. "If he is cleared, it would indicate that the management is happy to continue bankrolling Lotus. If he ends up out, there will be a lot of uncertainty on where Lotus goes from here."

Source Automotive News

 

Never liked where Danny is taking Lotus, but that may be just me?

Thanks for sharing!

-AJ

 

Hopefully it's also not headed for its "end" either. Would be sad to see Lotus get phased out and shut down.

 

yes, i really believe what they say

the "turnaround plan" put the once iconic brand into pieces and try to sell pipe dream of 7 new models with prototypes that went no where.

yes, i believe those fools are still smoking. please sell the brand to an Indian company that will turn it around for real.