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 £500 million ($792 million U.S.), roughly two-thirds the amount Proton (via bank loans) was said in 2010 to be committing to the brand's revival. As one would expect, Chinese interests are suspected as potential buyers, but only one possible suitor has been named so far, that being Genii Capital, which owns the Lotus Formula 1 team.


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  • 20 Comments
      MotorworldHype
      • 2 Years Ago
      Someone call Roger Penske or better yet Tony Stark!
      Don G
      • 2 Years Ago
      Lotus wont get Saabed, It has a very talented engineering group that does consulting work for many automakers. It will be a chinese owned company, the engineering group will be hugely beneficial to one of their automakers. Hopefully they will look at the images of the BRG Esprit renderings and let them build that sucker with a V-8 too! Theres a small chance Saab will survive and be a chinese company too...
      kyler
      • 2 Years Ago
      GM needs to acquire Lotus. These cars would be new era showcases for GM powertrains, much like the Corvette has done for over 50 years. I can also see them in Cadillac showrooms worldwide, allowing Cadillac to focus on prestige luxury entries, but still have relevant enthusiast cars. It could also be a boost to GM motorsports activity globally. Why not?
        ThinkAboutIt
        • 2 Years Ago
        @kyler
        Actually, GM owned Lotus from the late '80s to 1993, and lost Beaucoup Bucks over its stewardship. I don't think the company would be interested in repeating the experience.
          lne937s
          • 2 Years Ago
          @ThinkAboutIt
          Remember the front wheel drive Elan? GM ownership was perhaps the low point in the history of Lotus.
        AJ
        • 2 Years Ago
        @kyler
        If GM does acquire lotus I hope It doesn't result in a Europa S. It wasn't bad, just not as good as Elise or Exige.
      adam1keith1980
      • 2 Years Ago
      Toyota already provides engines to Lotus. Seeing how Toyota is now producing some credible sports cars from the FT-86/FR-S to the LF-A, Toyota resources and Lotus technologies would make a good marriage. Unfortunately, Toyota does not have a history of buying another company that is not Japanese.
      chirowolf
      • 2 Years Ago
      Oh Lotus, don't go away. i'm really starting to consider a Evora. don't end up like Spiker.
      50 AKA Ferrari
      • 2 Years Ago
      Ahhh snap Lotus is about to get Saab(ed)....
        creamwobbly
        • 2 Years Ago
        @50 AKA Ferrari
        With all the Big Talk about revamping their entire product line and going after Ferrari? Despite the down economy being the best time to retool (things are cheap, labour is cheap), I feel it's too much at once if they're looking for a buyer at the same time. Any potential buyer is going to want the development out of the way before they take it on as a going concern. So, great plans, bad timing, and ... so long. I *dearly* hope I'm wrong.
      • 2 Years Ago
      [blocked]
      summazooma
      • 2 Years Ago
      Not a good time for a company to buy a small sports car interest like Lotus, but I often thought that Lotus would be a good partner for an engine company like Honda,... or as another poster mentioned, Ford. Likewise, though, I think neither is anywhere near the position to do something this frivolous.
      nickms3
      • 2 Years Ago
      If all us Autobloggers put our money together we could buy Lotus! It seems we all know what to do better than all these other execs do. What do ya guys say?
      Thipps
      • 2 Years Ago
      Thats it, Im going to talk to my banker right now!
      CK
      • 1 Year Ago
      http://apps.facebook.com/bmw_worldofjoy/
      • 2 Years Ago
      [blocked]
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