Lotus seeking buy-out

Lotus seeking buy-out
30 Jan, 2012 4:31pm

Lotus CEO Dany Bahar reportedly looking for partner to invest £500m in future Lotus models

Lotus CEO Dany Bahar is reportedly looking for a partner who can buy Lotus from parent company Proton. 

Proton itself has controlled Lotus since 1996, and was recently sold to Malaysian Conglomerate DRB-Hicom. Bahar’s decision to actively seek partners could be down to the fact that Proton’s new owner may not want to support Lotus, a company that hasn’t made a profit the entire time Proton has owned it. 

Bahar will be looking for around £500m to fund Lotus’s future model line-up, including new Elise, Elan, Esprit and Eterne cars. 

Reports suggest that Genii Capital – the current owner of the Lotus Formula One team – has shown an interest in buying the Lotus road-car business. More than one Chinese company has also been linked with an interest in buying Lotus.