Cars
Rumors: Proton May be Forced to Sell Loss-Making Lotus Brand
Four centuries ago, they used to say that “the sun never sets on the British Empireâ€. Today, the Brits are content with much less – and the sun has more or less set on their local automotive industry after many decades of bad management and even worse products. As a result, foreign car groups own all major carmakers that managed to survive. Lotus Cars, which was founded by the ingenious Colin Champan in 1952, was acquired in 1996 by Malaysia's Proton. Since then, it has introduced many variations of the lightweight Elise, its first new car in 12 year, the Evora, and showed no less than five new models in concept form at the 2010 Paris Motor Show.
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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...
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Lotus Appoints Mansory As Its Official Customization Partner, First Models To Appear At Paris Motor Show
At the 2011 Geneva Motor Show, Lotus displayed a concept version of the Evora coupe developed in collaboration with Mansory. The German tuning house also worked on the Evora GTE and other special Lotus versions such as the carbon fiber-bodied Evora...
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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...
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Malaysia's Proton, Owner Of Lotus, Officially Confirms Talks With General Motors
It's been rumored for a while now that Malaysia's national automaker, Proton Holdings Bhd, is looking for a partner while recently it also became known that the company is considering selling the Lotus brand. After certain reports on GM's...
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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...
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