A hit back on rumors about the Lotus and their deal with Proton

April 28, 2012 at 20:37

Without denying there were great numbers of rumors and news about what is going on among Lotus team and Proton. In fact, Proton has been a long-term partner of the company and was there in its hard times and high times. Going back a little into history, it should be mentioned, that in 1996 Proton actually made one of the biggest acquisitions and it was buying around 64 percent of the Lotus’s shares. However, later the company bought up the number of shares to 100.

Lotus and Proton racing car

Lotus and Proton racing car

One of the most unpleasant rumors for the company was to hear, that Dany Bahar, a CEO of the Lotus group was dismissed from his post, because he was not able to coupe with the problems, which aroused before the company. However, those rumors have no ground; Mr Bahar did a great job at Ferrari S.p.A. and so he is doing all he can to put the company back on track.

What concerns the rumor about the fact that the company is going through the process of claiming bankruptcy protections, the information is unclear. The financial statements of the Lotus group promise a better future and more good performances in Formula One.

Photo of Lotus and Proton advisors

Photo of Lotus and Proton advisors

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