Report: CEO Dany Bahar looking for a buyer for Lotus
Filed under: Lotus, Earnings/Financials, UK
Reports this week out of London indicate that Lotus CEO Dany Bahar seeks a partner, or even a purchaser, for the Hethel firm. Malaysian automaker Proton currently owns Lotus, but Proton was taken over in January when Malaysian auto parts supplier DRB-Hicom bought the government’s controlling interest. The trend with new ownership is to put every project on the table for review, and with Lotus in the midst of massive initiatives – Esprit, Elan, Eterne, new Elise and in-house V8 – it makes sense that Bahar isn’t wasting time arranging options.
Although it’s not exactly as if Bahar just started looking for a buyer. In summer 2011, Proton’s position was shaky enough that Bahar publicly sought outside investment, with Toyota often mentioned as a hypothetical mate.
It is said that Bahar wants
