Lotus has virtually been on hold since former CEO Dany Bahar left. With this cash infusion, however, it could get back to producing cars.
Group Lotus plc has filed a lawsuit against former CEO Dany Bahar to recoup unauthorised expenses, overpaid salary and bonuses, according to reports out of the UK this week. Bloomberg reports that Lotus is seeking £2.5 million ($AU3.8...Show More Summary
In June of this year, Malaysia’s DRB-Hicom, the owner of Lotus’ parent company Proton, and subsequently the owner of Lotus, fired the British sports car manufacturer’s CEO Dany Bahar. It was announced that the decision to fire Bahar and several other executives was based on the results of an investigation that looked into...
More details have come out about the legal suit and countersuit being contested between Lotus cars owner DRB-Hicom and former CEO of Lotus Dany Bahar. Bahar was brought in by Malaysian car company Proton in 2009 to turn Lotus around,...Show More Summary
The next-generation Lotus Esprit is reportedly nearing the end of development, but according to the UK's Autocar, a production schedule remains uncertain. As the flagship model in ousted CEO Dany Bahar's planned six-car assault, the Esprit was originally set for an early 2014 debut. Show More Summary
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 ambitious plan for a six-model lineup, injecting some funds and reaffirming its commitment to the brand, and confirming...
This has been a tumultuous year for Lotus - to say the least - from the company being sold off back in January to its CEO Dany Bahar being fired in June to its questionable financial status and rumors of the British automaker being sold off to another automaker. Show More Summary
The last we heard, Lotus’ new owner DRB-Hicom had fired CEO Dany Bahar and thrown out his overly ambitious plan to launch up to six brand new models within a five-year period. DRB-Hicom also revealed that it would announce a revised plan for Lotus before mid-2013 and that development of at least one of Bahar’s proposed models, the...
In a move that is guaranteed to surprise roughly zero people, Lotus Cars has cancelled the final project from fired CEO Dany Bahar's reign of terribleness. More »
Dany Bahar is suing his former employer for wrongful termination.
Dany Bahar, the former CEO of Lotus, is now suing the company for wrongful termination--despite the investigation that found he was misusing company funds. He wants $10 million. Ford's Lincoln brand today announced it is moving into the Chinese market. The Chinese will have to wait until late 2014 to actually buy Lincoln cars, but the ball is now...
Dany Bahar, the disgraced former CEO of the money-losing British sportscar maker Lotus, sued Lotus and its Malaysian parent DRB-Hicom for wrongful dismissal. According to Bloomberg, Bahar wants 6.7 million pounds ($10.6 million) from Lotus for alleged unlawful early termination of his employment. The media got wind of the lawsuit after DRB-Hicom made a filing [...]
In June of this year Dany Bahar was fired from his role as CEO of Lotus following the results of an investigation made by the board of Lotus’ parent company, DRB-Hicom. Now Bahar has hit back by filing a claim against DRB-Hicom for wrongful dismissal in a Malaysian court. As part of the claim, Bahar is seeking 6.7 million pounds...
Former Lotus CEO Dany Bahar, fired in June following an investigation into his conduct while at the helm, has filed a claim against the company and its Malaysian owner DRB-Hicom for wrongful dismissal. Bloomberg reports that DRB announced Bahar is … Continue reading ? The post Lotus facing $10.2m lawsuit from sacked CEO appeared first on CarAdvice.
File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some $10.6 million, claiming that the automaker and its Malaysian owner, DRB, broke the law when they dismissed him. Show More Summary
As chairman of Lotus, Dany Bahar sold clothes, made grand plans, showed five concepts, hung out with Stephen Baldwin and other semi-celebs, yelled at us, and did pretty much nothing of value or consequence. More »
Lotus has seen its share of problems lately – a change in ownership, a research and development freeze, and an allegedly scandalous departure of its Chief Executive Officer Dany Bahar. Former CEO Bahar championed an ambitious product plan for the British sports car manufacturer. Big chunks of that plan are in doubt, but production continues [...]Show More Summary
Lotus is in ten kinds of disarray at the moment, with CEO Dany Bahar recently canned, owners DRB-Hicom revising the upcoming product plan, and even some speculation over a potential buyout by Volkswagen. But despite all of that, business continues, with the first Exige S production car rolling off the assembly line today. First unveiled back at...
Lotus’ new owner, Malaysian conglomerate DRB-Hicom, has revised their future model plans, reducing the scale of former CEO Dany Bahar’s ambitious 5-car lineup. According to an investment analyst interviewed by Malaysian media outlet The Star, Lotus will cut back their new model plans from 5 nameplates to 3, but that the strategy was still being [...]
Officially, Lotus fired CEO Dany Bahar because he misused funds and not because he was a disaster in almost every way. Unofficially, we're hearing that Lotus Cars advisory board member "Maximum" Bob Lutz is telling people the opposite in private. More »