Cars
For the past couple of months, there were rumors circulating that Proton wanted to get rid of its loss-making Lotus unit selling it to either Genii Capital or SAIC. Then, on January 16, the Malaysian carmaker announced that DRB-Hicom had acquired the government's 42.7 percent stake in the company.
- Former Lotus Ceo Dany Bahar Sues Drb Hicom For Wrongful Termination, Asks For Close To $11 Million
In June, new Lotus owner DRB Hicom fired the British sports car maker’s CEO, Dany Bahar, after placing him under a two-week suspension. The official reason cited for his termination was "the results of an investigation into a complaint made...
- Lotus Rumored To Build New Renault Alpine And Infiniti Emerg-e Sports Cars
In the past few months, Lotus has been making the headlines, but not for the right reasons. After Proton sold the British sports car maker to DRB-Hicom, CEO Dany Bahar was ousted and its future was once again thrown into doubt. However, the Renault-Nissan...
- Drb-hicom Declines Offer For Lotus, Vw Reportedly Interested In Parent Company Proton
Last week, Reuters reported that the ever-expanding Volkswagen Group is considering to place a new bid for Proton, which owns the Lotus brand, some five years after the Germans failed to form a tie up with the Malaysian carmaker as it seeks to extend...
- Lotus Boss Dany Bahar Suspended From His Role Following A Complaint
More problems for British sports car maker Lotus as the company's chief executive office Dany Bahar was suspended from his role today pending an investigation of a complaint against him by DRB-HICOM Berhad, which acquired Lotus back in January. ...
- Proton Refutes Reports That It Will Sell Lotus To Genii Capital
Proton, the Malaysian owner of Lotus, released a statement where it dismisses reports that appeared in several media outlets and which said that it is planning to sell a stake of the British sports car manufacturer. Here’s what the company stated:...
Cars
Lotus Group CEO Reportedly Seeking New Owner for the British Sports Car maker
For the past couple of months, there were rumors circulating that Proton wanted to get rid of its loss-making Lotus unit selling it to either Genii Capital or SAIC. Then, on January 16, the Malaysian carmaker announced that DRB-Hicom had acquired the government's 42.7 percent stake in the company.
Analysts hailed this movement as a win-win situation for both parties. They obviously didn't factor in Lotus CEO Danny Bahar who, according to a report from The Sunday Times citing unnamed sources, is looking for a partner to join him in bidding for a buy-out of the British automaker.
Read more »- Former Lotus Ceo Dany Bahar Sues Drb Hicom For Wrongful Termination, Asks For Close To $11 Million
In June, new Lotus owner DRB Hicom fired the British sports car maker’s CEO, Dany Bahar, after placing him under a two-week suspension. The official reason cited for his termination was "the results of an investigation into a complaint made...
- Lotus Rumored To Build New Renault Alpine And Infiniti Emerg-e Sports Cars
In the past few months, Lotus has been making the headlines, but not for the right reasons. After Proton sold the British sports car maker to DRB-Hicom, CEO Dany Bahar was ousted and its future was once again thrown into doubt. However, the Renault-Nissan...
- Drb-hicom Declines Offer For Lotus, Vw Reportedly Interested In Parent Company Proton
Last week, Reuters reported that the ever-expanding Volkswagen Group is considering to place a new bid for Proton, which owns the Lotus brand, some five years after the Germans failed to form a tie up with the Malaysian carmaker as it seeks to extend...
- Lotus Boss Dany Bahar Suspended From His Role Following A Complaint
More problems for British sports car maker Lotus as the company's chief executive office Dany Bahar was suspended from his role today pending an investigation of a complaint against him by DRB-HICOM Berhad, which acquired Lotus back in January. ...
- Proton Refutes Reports That It Will Sell Lotus To Genii Capital
Proton, the Malaysian owner of Lotus, released a statement where it dismisses reports that appeared in several media outlets and which said that it is planning to sell a stake of the British sports car manufacturer. Here’s what the company stated:...