Rumors: Industry Report—Lotus Seeking A Buyer?

News I By Doran Dal Pra I January 30, 2012
Fabled British sports car manufacturer Lotus, which is currently owned by the Malaysian conglomerate DRB-Hicom, is rumored to be seeking a buyer to the tune of $785 million, reports MotorAuthority. Lotus was acquired by manufacturing company Proton, which also makes economy cars for the Asian market, and hasn’t actually created a profit for Proton since they purchased Lotus back in 1996.
 
Lotus CEO Dany Bahar has ambitious plans for Lotus’s future and those may be put in jeopardy with the selling of the company. Signs of Bahar’s ambition include the reveal of five new models at the 2010 Paris Auto Show. Investment group Genii Capital, which is a part owner of the newly renamed Lotus F1 Team, has been vying for ownership of Lotus for some time now and could become the company’s new owner, though it’s not currently known who will actually fill that role.
 
Do you have a car rumor to report, a spy shot to share, or other automotive-themed dirt to dish? Drop us a line at [email protected], our ears are always on!

The Guide to Road Racing: Winding Road Magazine's ultimate guide to getting your start in racing.

Table of Contents

Related Articles

Genesis Unveils Neolun and GV60 Magma Concepts, Showcasing Further Evolution of the Brand

Note: Genesis continues to unfold the evolution of their brand after the GV80 Coupe had its concept released nearly a year ago. Genesis Neolun Concept…

March 26, 2024
EV Inspired Automobile Renaissance

By the start of the 20th Century, the development of consumer automobiles was in full swing, and, seemingly, everyone was throwing their hat in the…

March 14, 2024
Audi accelerates preparations for successful entry into Formula 1 and significantly expands its commitment

Supervisory Boards of Volkswagen AG and AUDI AG vote for complete takeover of Sauber Group Oliver Hoffmann takes over responsibility for Audi’s Formula 1 commitment…

March 08, 2024
Rivian Introduces R2, R3, and R3X Built on New Midsize Platform

LAGUNA BEACH, Calif. March 7, 2024 – Rivian today unveiled its new midsize platform which underpins R2 and R3 product lines. R2 is Rivian’s all-new midsize…

March 07, 2024
BAC introduces Mono Cup – a new chapter in high-performance racing with the world’s fastest one-make championship

Mono Cup marks BAC’s first-ever entry into the dynamic world of motorsports The sensational announcement, which has been kept top secret, is the result of…

March 06, 2024

EMAIL SIGN UP

Get the latest driving and racing news straight to your inbox.

no thanks

Begin typing your search above and press return to search.