Lotus could be sold by parent company Proton

Friday, September 23rd, 2016 - autos, cars, motoring, news

Source : Lotus could be sold by parent company Proton

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British sports car maker Lotus could soon be up for sale by its struggling Malaysian owner, following a lengthy period of financial uncertainty

Lotus could soon be available to buy as its parent company Proton seeks to raise cash funds following a long period of poor financial results.

Proton is usually itself owned by DRB-Hicom, a large Malaysian conglomerate, in addition to the company has told Automotive News Europe (ANE) in which in which would likely consider offering Lotus to the market in its attempts to save an ailing Proton.

Autocar has contacted Lotus for a response to the news, yet the auto maker declined to comment.

ANE claims the PSA Group, Renault in addition to Suzuki have all voiced interest in purchasing Proton, yet in which is usually not yet known if these conversations have included the purchase of Lotus.

This particular isn’t the very first time the future of Lotus in addition to its parent company have been cast into doubt because all 5 years ago the Malaysian brand faced similar financial issues. However, the purchase of both brands by DRB-Hicom enabled Lotus to commit to a more secure future.

This particular future includes an all-brand-new Lotus Elise in which will go on sale in 2020. Comment about the design’s development coincided with news in which Lotus is usually on course to make a profit for the very first time in two decades next year.

by via Autocar RSS Feed



Source: Lotus could be sold by parent company Proton

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