Lotus moves to dispel another careless whisper (w/Statement)
News of Lotus’ demise has been greatly exaggerated, following a report this morning that it was being liquidated. The news, first published in Autocar, wrongly reported that the company’s appearance on a winding up list was akin to a liquidation order – which of course it is not. The Norfolk sports car maker has been...
DRB-Hicom Chairman confirms Lotus is ‘not safe’ and considers its disposal
Yesterday at an extraordinary general meeting (EGM) in Shah Alam, DRB-Hicom's Chairman Datuk Syed Mohamad Syed Murtaza confirmed what we've known for a while, that the company is 'seriously' considering its options for Group Lotus, including disposing of its stake to focus on more profitable investments.
Why Lotus’ future is far from being ‘safe’
Last week an article was published online by Auto Express magazine, with the title "Lotus' future is safe". In the interests of transparency and to ensure an honest dialogue, I'll provide a little background on the source of this article and why you should still maintain an open mind about Lotus' future.
Genii Capital set to offload Lotus F1?
Rumours emerged in the past few days that Gerard Lopez's Genii Capital, owners of Lotus F1, may be in talks to sell the team.
Dany Bahar files £6.7m claim against Group Lotus for wrongful dismissal
It will come as no surprise to anyone who's been following Group Lotus recently, that Dany Bahar, who was fired as CEO back in June this year, has initiated a claim for £6.7m ($10.6 million) against his former employers for "unlawful early termination of his employment".
Lotus Chief speaks out on his plans for the company as the first Exige S is produced
The first production Exige S came off the assembly line last week, beginning a new phase for the Norfolk sportscar maker. Chief Operating Officer, Aslam Farikullah, marked the milestone event by speaking out for the first time about his plans for the company.
Behind the story: Lotus eaters take a gamble
Earlier this week I got together with Margareta Pagano, Business Editor of The Independent newspaper, and compared notes on the state of play at Norfolk's favourite car maker.
Lotus appoints a new Chief Operating Officer, but who is Aslam Bin Farikullah?
In a statement released this evening, DRB-Hicom announced the appointment of Mohd Aslam Bin Farikullah as Lotus' new Chief Operating Officer (COO), at the same time as they confirmed the termination of Dany Bahar as Group Lotus CEO.
Dany Bahar is dismissed as CEO of Group Lotus
It comes as no surprise to hear that Dany Bahar's suspension from his role as Lotus CEO, has now been confirmed as a full termination.
DRB-Hicom say Lotus is for keeps – but what are their plans for the car maker?
DRB-Hicom released a statement last night confirming that beleaguered sports car maker, Lotus, is not for sale. But what is their motivation for providing such an assurance, and what does this 'really' mean?
Dany Bahar of Lotus suspended – but what could he have done so wrong?
Several people have asked me why Dany Bahar, the CEO of Group Lotus, was suspended last Friday, and why DRB-Hicom have chosen not to give a reason when asked.
Lotus CEO Dany Bahar suspended for misconduct
I use the word suspended, even though that's not a term one would normally use when a CEO is removed from his post, however during the past few hours that's the phrase which has been used when I spoke to those people close to the matter.
Group Lotus – A future worth fighting for
It's been a matter of debate for months now as rumours continue to abound over the future of Group Lotus. But rather than clarify the situation, most reports serve only to confuse and frustrate an already jaded audience.
Much has been speculated, many of it inaccurate, and whilst I could go through each and every...
Lotus: What happened to the truth..?
Do you care about the truth? Do you care about the survival of a company whose engineering innovation has fundamentally influenced the cars we drive today? Do you really care? Or is Lotus just another target to parody and poke fun at for our own amusement?
Lotus in China, Malaysia and Indycars..
At this week's Auto China motorshow in Beijing, Lotus have been showcasing a limited edition Evora GTE specially adapted for Chinese roads. Meanwhile new owner DRB-Hicom has confirmed the sportscar maker is not for sale - yet, and Lotus say they've raised their IndyCar commitment by reducing the number of cars it supports from five...
Lotus CEO, Dany Bahar
The trouble with journalism and news reporting is that most of the writers pass comment on things which they invariably have little or no personal experience of. Some are able to separate their egos or ambitions from the subject and present a balanced view, but all too often a writer can become drunk on...
Lotus speaks out about its relationship with China’s Youngman (UPDATED)
Questions have been raised during the past 24 hours over the handling of Lotus' future by new owners DRB-HICOM and in particular the role played by Lotus current CEO Dany Bahar in securing the jobs of its Hethel employees.
We spoke with Lotus this afternoon and you can read their responses below. There are still...
The Lotus Position – what will happen next?
Anybody following the ongoing story of the cataclysm wrenching at the relationships between Group Lotus, its adoptive parent Proton, and Lotus F1 Team will be used to reading opinions so wide and varied that even the most extreme soap-opera storyline might seem tame in comparison.
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