1/30/12

Lotus Group CEO Reportedly Seeking New Owner for the British Sports Car maker


For the past couple of months, there were rumors circulating that Proton wanted to get rid of its loss-making Lotus unit selling it to either Genii Capital or SAIC. Then, on January 16, the Malaysian carmaker announced that DRB-Hicom had acquired the government's 42.7 percent stake in the company.
Analysts hailed this movement as a win-win situation for both parties. They obviously didn't factor in Lotus CEO Danny Bahar who, according to a report from The Sunday Times citing unnamed sources, is looking for a partner to join him in bidding for a buy-out of the British automaker.

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