Tag: drb-hicom

By on September 26, 2016

2016 Lotus Evora 400

Lotus is waiting to see whose car pulls up to the orphanage, now that its parent company’s owners are looking for someone to take Proton off its hands.

The struggling Malaysian automaker, which bought a majority stake in Lotus in 1996, is being courted by at least three major automakers, Reuters reports. (Read More…)

By on July 23, 2013
120307-Final-assembly-at-Lotus-Cars-factory-Hethel-Norfolk-credit-Brian-Snelson-from-Flickr-560x315

Final assembly at Lotus’ Hethel plant

DRB-HICOM, which owns the Proton car company in Malaysia and Lotus in the UK, announced at the Jakarta launch of the Proton Preve that the British specialist sports car maker and engineering firm has been “cleaned up” and is proceeding with a three year product plan based on variants of the Elise, Exige and Evora cars, starting with the £52,900 Exige S roadster.

(Read More…)

By on October 30, 2012

Ahead of their crucial announcement outlining the future of Proton, parent company DRB-Hicom (also of Lotus fame) has announced that they will partner with Honda, after a long courtship process that involved numerous auto makers.

(Read More…)

By on October 9, 2012

A report in The Independent revealed that Lotus owes supplies nearly $37 million and has even asked for tax payment deferments to help manage its cash flow.

(Read More…)

By on August 28, 2012

Dany Bahar, the disgraced former CEO of the money-losing British sportscar maker Lotus, sued Lotus and its Malaysian parent DRB-Hicom for wrongful dismissal. According to Bloomberg, Bahar wants 6.7 million pounds ($10.6 million) from Lotus for alleged unlawful early termination of his employment. The media got wind of the lawsuit after  DRB-Hicom made a filing at the Kuala Lumpur Bursa. (Read More…)

By on July 26, 2012

Lotus’ new owner, Malaysian conglomerate DRB-Hicom, has revised their future model plans, reducing the scale of former CEO Dany Bahar’s ambitious 5-car lineup.

(Read More…)

By on June 7, 2012

 

Dany Bahar has been dismissed effective immediately by Group Lotus following an investigation into Bahar’s spending practices.

(Read More…)

By on June 7, 2012

Lotus CEO Dany Bahar’s 14 day suspension is set to expire on Monday. We have no idea what will happen next. He may get the boot, taking his ambitious five-year product plan with him. Or he may not. Putting the pieces together since Lotus was taken over by DRB-Hicom has painted an interesting picture, while still leaving the future of Lotus up in the air.

(Read More…)

Recent Comments

  • slavuta: ttacgreg, I know you posted above – “So the hackers are innocent, its all Biden’s fault?”...
  • slavuta: Old_WRX,’ I went to the Suzuki dealer today. I walked-in in mask. They all mask-less and are looking...
  • dal20402: Sounds like fun. Enjoy the hiking/hunting/whatever else.
  • slavuta: Old_WRX, Putin just scored 8 goals in a hockey game. It is always win for him and loss for us. One of my...
  • slavuta: “Still, no proof.” you’re denying undeniable. These transactions are official and easily...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber