In a sign that Lotus’ new owner is committed to the British sports car company, DRB-Hicom, the Malaysian investment group that recently bought a controlling stake of Proton and with it the control of Lotus, has reportedly scrapped the overly ambitious five-year turnaround plan first announced by ousted CEO Dany Bahar at the 2010 Paris Auto...
Since taking over Lotus’ parent company Proton last January, and in effect taking control of the British sports car manufacturer, Malaysian conglomerate DRB-Hicom has set about ousting Dany Bahar and the former CEO's overly ambitiou... Read Post
It’s no secret that Lotus has been experiencing some difficulties. The trouble began earlier this year when investment firm DRB Hicom purchased a stake in Proton from the Malaysian government. Proton was owned by the Malaysian gover... Read Post