>


Advertisement
Rumors
Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2015 IndyCar Silly Season Page | 2015 F1 Silly Season Page

Go to our forums to discuss this news
DATE News (chronologically)
06/02/11
automotive
Lotus could be sold  Lotus is now helping its owner Proton to develop a range of cars, Group Lotus CEO Dany Bahar has revealed, but he  questioned the scope for further cooperation between the two companies.

Malaysia-based Proton “is getting the benefit [of owning Lotus] for the first time,” according to Bahar. The British marque is helping its owner with several models, including a global city car that will also be developed into the small Lotus revealed at the Paris show last autumn (ABOVE). Bahar says that the new baby hatch will look just like the concept, which he describes as “beautiful” – or it will not happen at all.

Going forward, Bahar believes that a company the size of Lotus cannot develop cars that meet stringent emission and crash regulations on its own. Although it's owned by Proton, Bahar says Lotus' products are too far removed from Proton's models for this to be a real help. He sees a tie-up with, or sale to, another auto maker – perhaps Toyota – as an exit strategy for Proton and the other investors in the plan. Alternatively, the company could be raise money through an IPO.

Lotus is also planning to reapply for a UK regional development loan – which has already been rejected once – to build a new factory at its Hethel headquarters for its Elite and Eterne models, citing the fact that this would create up to 1,000 jobs. If the application fails, the cars will be built by Magna in Austria.  Source: Autocar

Rumors Archives
2000 2001 2002 2003
2004200520062007
2008200920102011
2012201320142015

Search Rumors
Search Help

Banner 10000012