Lotus Up for Sale?
Approved by:
Tan Dung
Updated:
May 31, 2011
Speaking at a recent press event, Lotus CEO Dany Bahar has floated the idea of breaking away from Proton.
Bahar said that Lotus cannot develop cars that meet emissions and crash regulations on its own - it has to be linked to a larger global automaker, such as Toyota, through either an alliance or even a sale. Alternatively, the company could be spun off, floated and publicly traded.
No time frame was given but, meanwhile, Lotus will continue to produce the six models that they announced at the Paris Motor Show. Beside, Lotus also continues to provide Toyota with dynamic development of new models.
[Via Insideline]
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