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Lotus might be in trouble

Lotus might be in trouble

Rigval

Entry posted by Rigval ·

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How do you feel when you see VW rims on Skoda?  

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    • Indifferent ...
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    • Owner of the Skoda couldn't find Skoda rims
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Oh No. The Lotus group, makers of the Lotus Elise, Exige and Evora is rumoured to be in trouble. It seems that DRB-Hicom, the Malaysian conglomerate that owns Group Lotus' parent company, Proton may want to free itself from the wrangles of trying to turn around the sports car company.

 

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According to industry followers, notably F1 reporter Joe Saward, the management of DRB-Hicom somehow does not think that owning Lotus makes financial sense and may sell off its stake in Lotus to China Youngman, a company that already has ties with Proton.

 

This news comes after the Lotus F1 team terminated a sponsorship agreement with Group Lotus but also stated that it had struck a five-year deal with Lotus


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