Cars
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 its reach in the southeast Asian markets.
- 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...
- New Owners Tell Lotus To Continue Development Of Future Models
For a company that hadn’t revealed a brand new car in 12 years until it launched the Evora in 2008, revealing five new models in the same auto show like Lotus did in Paris in 2010, was a ballsy move. The Proton-owned company said at the time that...
- Malaysian Government Sells 42.7% Proton Stake To Drb-hicom
There’s been a lot of speculation these past few weeks about the future of Proton. The Malaysian carmaker, which also owns Lotus, was reportedly looking to sell the loss-making British sportscar maker to SAIC or Genii Capital, something that Lotus...
- Volkswagen To Build Cars In Malaysia, Will Start With The Passat From 2011
The Volkswagen Group on Tuesday signed an agreement with Malaysia's DRB Hicom auto group for local vehicle assembly as the Wolfsburg-based automaker seeks to expand its operations in Southeast Asia under the Strategy 2018 growth program. The announcement...
- Lotus Ceo Says Concept City Car Will Enter Production In "october 2013"
It appears that Aston Martin won't be the only British sports car maker to have a controversial small city car in its range. Lotus chief executive Dany Bahar told Car magazine that the Concept City Car, which was previewed at the recent Paris Motor...
Cars
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 its reach in the southeast Asian markets.
Today, DRB-Hicom, which acquired a 42.7 percent stake in Proton earlier this year, said that it had received an offer from an unnamed foreign company to buy Lotus for £1 (US$1.6 / €1.3) and take over the British company's debts that amount to more than £200 million (US$311 million / €257 million).
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...
- New Owners Tell Lotus To Continue Development Of Future Models
For a company that hadn’t revealed a brand new car in 12 years until it launched the Evora in 2008, revealing five new models in the same auto show like Lotus did in Paris in 2010, was a ballsy move. The Proton-owned company said at the time that...
- Malaysian Government Sells 42.7% Proton Stake To Drb-hicom
There’s been a lot of speculation these past few weeks about the future of Proton. The Malaysian carmaker, which also owns Lotus, was reportedly looking to sell the loss-making British sportscar maker to SAIC or Genii Capital, something that Lotus...
- Volkswagen To Build Cars In Malaysia, Will Start With The Passat From 2011
The Volkswagen Group on Tuesday signed an agreement with Malaysia's DRB Hicom auto group for local vehicle assembly as the Wolfsburg-based automaker seeks to expand its operations in Southeast Asia under the Strategy 2018 growth program. The announcement...
- Lotus Ceo Says Concept City Car Will Enter Production In "october 2013"
It appears that Aston Martin won't be the only British sports car maker to have a controversial small city car in its range. Lotus chief executive Dany Bahar told Car magazine that the Concept City Car, which was previewed at the recent Paris Motor...