Rumors: Industry Report—New Lotus Models On Temporary Lockdown

News I By Doran Dal Pra I March 07, 2012

Back in January, fabled British sportscar manufacturer Lotus was dealt a sharp blow when the Malaysian government—which owned a majority stake in Lotus’ parent company, Proton—sold that stake to an industrial conglomerate from Malaysia called DRB-Hicom. You can learn more about that from the Rumors post we made back in January.

Now, EVO has learned that due to the sale by the Malaysian government, Lotus is being forced to enter a three month "lockdown" period where research and development and much of its production is either being halted temporarily or significantly reduced. This new development is pushing back the launch of several highly anticipated Lotus models including the Exige S, Evora GTE, and the brand new Esprit, which is now anticipated in late 2014.
 
There is also question as to whether DRB-Hicom will hold onto Lotus and pursue the business plan that was laid out when Proton was at the helm, or whether it will sell its share in the company. Uncertain future or not, Lotus CEO Dany Bahar is continuing to try and move the brand forward with exciting new models and ambitious plans.
Tags:

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

Table of Contents

Related Articles

Eeeeeeeeeeeee (12,300) – The Incredible De Tomaso P900

A screaming 12,300 rpms out of a twelve-cylinder yields a fundamental audio frequency of 2460hz, which is upper midrange.  – Insert head-exploding emoji here – boom!

December 02, 2022
Lancia is Back as an All-Electric Marque

Italian automotive brand Lancia is experiencing a new renaissance in its 116 year history, and it involves going all electric.

December 02, 2022
Introducing the 2023 Lamborghini Huracán Sterrato

The Sterrato is basically a Huracán on steroids, even though it will have slightly less power and a slower top speed.

November 30, 2022
The Batmobile Returns – BMW Brings Back the 3.0 CSL

All hail BMW – the automaker who has made some curious choices the last few years – is bringing back the 3.0 CSL Batmobile!

November 28, 2022
Official: America’s NEXT F1 Driver!

Well, it’s finally official – Logan Sargeant will drive full-time for Williams F1 next season in Formula 1!

November 21, 2022

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.