Groupe PSA is the sole remaining bidder.
- Reese Counts
- Mar 22, 2017
- Reese Counts
- Feb 20, 2017
Lotus has been owned by Proton since 1996.
- Brandon Turkus
- Aug 2, 2013
Lotus is getting a shot in the arm courtesy of corporate parent DRB-Hicom, which has announced a 100-million pound ($152.3M USD at today's rates) investment in the Hethel, UK-based manufacturer. The troubled brand was also in the news last week, with DRB announcing a new, three-year plan that would see variants of existing models introduced.
- Jeff Sabatini
- Aug 27, 2012
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. According to a report by Bloomberg Businessweek, DRB and Lotus will defend themselves in court rather than settling, including filing a countersuit against the former top executive.
- Zach Bowman
- Mar 14, 2012
Lotus has put a halt to all development of future models. The news comes after the Malaysian government sold its controlling stake in Lotus parent company Proton. According to EVO, the company's takeover regulations require all involved parties to enter into a "lockdown" wherein anything outside of normal business is brought to a halt. For Lotus, that means stalling development for 60 days and pushing back launch dates for vehicles like the Exige S, Evora GTE and the upcoming Esprit successor. L
- Jeff Glucker
- Sep 14, 2011
Lotus has been teasing a tuned-up Evora for a few months now, as rumors flew that the automaker was planning a hardcore version for the street. Finally, however, the rumors have all been confirmed as Lotus pulls back the wraps on the production Evora GTE Road Car. This is similar to the white and gray concept concept car we saw in Monterey, except the car now wears a matte yellow paint scheme, different wheels and a glossy carbon fiber lid.
- Matt Davis
- Mar 29, 2011
A spokesperson for Lotus Cars USA has notified us that on Monday, the first Evora S allotment of press cars left its Hethel U.K. factory and headed to port in both the 2+0 and 2+2 seating arrangements.
- Noah Joseph
- Dec 15, 2010
If anyone knows about turning things around, it's Bob Lutz. After all, he was a naval aviator, and those guys can pull some serious G forces. He's also widely credited with keeping Chrysler alive for longer than it might have been otherwise. But what's he up to these days?
- Noah Joseph
- Sep 28, 2010
Stick with us here, because this is going to get a little complicated. We have on the one hand Lotus Cars and Group Lotus. On the other we have the current Lotus F1 team. The former – producers of such sportscars as the Elise and the new Elite – is owned by Malaysian state automaker Proton. The former is also Malaysian-owned, but by businessman Tony Fernandes (pictured above, owner also of Air Asia), and uses the name Lotus under license from Proton.
- Sam Abuelsamid
- Jan 15, 2010
Robert Hentschel (L) and Paul Newsome (R)
- Dan Roth
- Dec 3, 2008
Click above to view high-res image gallery of the Lotus Evora
- Alex Nunez
- Jul 29, 2006
Well, we knew that Lotus personnel had been working with the folks from Tesla Motors on their sexy electric roadster, and today we received a bit of interesting related news. According to a report on EDP24.com (the Norfolk Eastern Daily Press website), Group Lotus' involvement with the Tesla Roadster project is now very much official: the Roadster will be built by Lotus at its Hethel facility.
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