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Seow Yaohan | January 9, 2013
The first-ever Lotus showroom has been launched in Malaysia at Sungai Penchala, Kuala Lumpur. Officially launched by Proton advisor Tun Dr Mahathir Mohamad, the flagship RM 7 million showroom sits on 10,520 m² of land, with a 1,060 m² showroom and a ...
Seow Yaohan | June 8, 2012
There is no surprise here: Dany Bahar has been officially sacked as Lotus' chief executive officer following a suspension of his duties last week. It all started when DRB-Hicom, the new owners of Proton, complained to the Lotus board that ...
Seow Yaohan | May 28, 2012
The clear-out of Lotus' management may have begun, as news emerged of the temporary suspension of Dany Bahar as the sports car maker's chief executive officer. Apparently, DRB-Hicom, the new owners of Proton and by extension Lotus, has made the decision following ...
Seow Yaohan | May 2, 2012
Lotus Cars is ready to restore full car production from May, having secured sufficient financing from new Proton owners DRB-Hicom. Production at Hethel assembly plant is expected to return to the rate of 44 cars per week. With the financing tap now open, Lotus ...
Seow Yaohan | April 19, 2011
Lotus, a wholly-owned subsidiary of Proton, has secured £270 million (RM 1.33 billion) in financing—part of the £480 million (RM 2.36 billion) five-year transformation plan embarked on by the British sports car manufacturer. Signed at the Proton Centre of Excellence Complex ...
Seow Yaohan | February 2, 2011
Lotus Renault GP, the Renault F1 team with Proton-owned Lotus as the title sponsor, has launched the R31, its Formula 1 car for 2011, in Valencia. Wearing the previously-revealed black-and-gold livery, the R31 was unveiled on the pit lane ...
Seow Yaohan | January 26, 2011
Proton-owned Group Lotus has fought back, insisting that the press release issued by Lotus Racing/Team Lotus had attempted to skew the facts, creating a “misrepresentation of the Judge's decision”. Lotus says that the presiding High Court Justice Peter Smith did ...
Seow Yaohan | January 25, 2011
Lotus Racing/Team Lotus has won the summary judgment hearing against Group Lotus at the British courts, allowing the use of the Team Lotus name for the upcoming 2011 F1 season. The presiding High Court Justice Peter Smith dismissed with arguments from either side, and ...
Seow Yaohan | January 21, 2011
Proton is in the midst of raising 2.35 billion ringgit or 480 million pounds required for the five-year transformation plan Group Lotus is embarking on. Most of the financing would be in the form of bank loans borrowed by Proton on behalf of ...
Seow Yaohan | December 27, 2010
Lotus, a subsidiary of Proton, has released a batch of new photos of its future models: the Esprit, Elan, Elite and Elise. All six all-new models unveiled at the Paris Motor Show, including the Eterne and the City Car, will be ...
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