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0Report: Lotus suing former CEO Bahar over spending on homes, helicopters and watches 1354545060
More details have come out about the legal suit and countersuit being contested between Lotus cars owner DRB-Hicom and former CEO of Lotus Dany Bahar. Bahar was brought in by Malaysian car company Proton in 2009 to turn Lotus around, and events during his tenure have made just about everyone ...
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Rumormill: Lotus Esprit cancelled? 1349391540
Two years ago, we were gobsmacked when humble Lotus shocked the automotive world by wheeling out no fewer than five new models – admittedly in various stages of development – at the 2010 Paris Motor Show. The ambitious onslaught of new sheetmetal came at the behest of then-CEO Danny ...
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Report: Former CEO Bahar files US$10.6M suit against Lotus 1346261340
File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some US$10.6 million, claiming that the automaker and its Malaysian owner, DRB, broke the law when they dismissed him. According to a report by Bloomberg Businessweek, DRB ...
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Report: Lotus bows out of Paris Motor Show 1342450800
The plan put forth by former Lotus CEO Dany Bahar was to explode the British brand into the high-dollar sports car segment and directly challenge its marquee names. The first explosion came with the surprise introduction of five concepts at the 2010 Paris Motor Show. What has continued to ...
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Official: Lotus gives Dany Bahar the boot 1339257660
Lotus has fired CEO Dany Bahar and appointed Aslam Farikullah as the company's Chief Operating Officer, effective immediately. The move was unsurprising, as an investigation into Bahar's expenses had led to his suspension last week. The 51-year-old Farikullah is said to have over 26 years of ...
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Report: Lotus boss Dany Bahar suspended by Malaysian owners 1338206400
DRB-Hicom has suspended Lotus CEO Dany Bahar pending an investigation into the executive's conduct. While the sports car manufacturer's parent company has declined to comment on exactly which facet of Bahar's conduct is in question, The Telegraph reports the inquiry may be related to expenses. ...
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Report: Proton has no plans to sell Lotus 1336764600
Lotus isn't going anywhere, according to parent company Proton. Autocar reports representatives of Proton's new owner, DRB-HICOM, stopped by Lotus HQ to reassure the company's staff. Dato Sri Haji Mohd Khamil Bin Jamil, DRB-HICOM group managing director, said his company "is not thinking about a ...
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Breaking: Lotus model development on lockdown as company looks to change hands 1331753400
Lotus has put a halt to all development of future models. The news comes after the Malaysian government sold its controlling stake in Lotus parent company Proton. According to EVO, the company's takeover regulations require all involved parties to enter into a "lockdown" wherein anything outside ...
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Report: CEO Dany Bahar looking for a buyer for Lotus 1328189400
Reports this week out of London indicate that Lotus CEO Dany Bahar seeks a partner, or even a purchaser, for the Hethel firm. Malaysian automaker Proton currently owns Lotus, but Proton was taken over in January when Malaysian auto parts supplier DRB-Hicom bought the government's controlling ...
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Report: Investors' advice to Proton: Sell Lotus 1325275200
There's a lot of smoke going on over at Lotus, but we still have a while to wait before we get the first evidence of fire: the new Lotus Espirit and it's in-house V8 won't be here until 2013. On the other side of the world, there's a fair bit of smoke and fire happening at Malaysian automaker ...
