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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 ...
Seow Yaohan | December 17, 2010
The Proton Emas and Lotus City Car concept cars have been confirmed for production, according to Lotus CEO Dany Bahar who spoke to Car Magazine. Three companies—Proton, Lotus and another undisclosed party—will work together to produce three versions of the supermini.
Proton will sell ...
Seow Yaohan | December 14, 2010
Proton-owned Group Lotus has announced an official partnership with Genii Capital, the owner of 75 percent of the Renault F1 team. The tie-up, which involves Lotus acquiring a major equity stake in the F1 team from Genii Capital, will result in ...
Seow Yaohan | December 3, 2010
If this Proton Lekir Concept looks familiar, that is because you are looking at a Proton-badged Lotus Europa on showcase at the 2010 Kuala Lumpur International Motor Show (KLIMS). Selling in European markets since 2006, the Europa boasts the same handling prowess as ...
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