Lotus Group CEO Reportedly Seeking New Owner for the British Sports Car maker

For the past couple of months, there were rumors circulating that Proton wanted to get rid of its loss-making Lotus unit selling it to either Genii Capital or SAIC. Then, on January 16, the Malaysian carmaker announced that DRB-Hicom had acquired the government's 42.7 percent stake in the company.

Analysts hailed this movement as a win-win situation for both parties. They obviously didn't factor in Lotus CEO Danny Bahar who, according to a report from The Sunday Times citing unnamed sources, is looking for a partner to join him in bidding for a buy-out of the British automaker.

Read more »

Malaysian Government Sells 42.7% Proton Stake to DRB-Hicom

There’s been a lot of speculation these past few weeks about the future of Proton. The Malaysian carmaker, which also owns Lotus, was reportedly looking to sell the loss-making British sportscar maker to SAIC or Genii Capital, something that Lotus CEO, Danny Bahar, dismissed as a rumor.

Last week, Proton released an official statement saying that it was negotiating with General Motors about selling a stake in its Tanjuing Malim factory.

Its board of directors also confirmed that the company’s chariman, Datuk Mohd Nadzmi Mohd Salleh, was interested in buying the 42.7 percent stake held by the state-owned investment company Khazanah Nasional Bhd.

Read more »

Malaysia's Proton, Owner of Lotus, Officially Confirms Talks with General Motors

It's been rumored for a while now that Malaysia's national automaker, Proton Holdings Bhd, is looking for a partner while recently it also became known that the company is considering selling the Lotus brand.

After certain reports on GM's interest in one of the firm's Malaysian plants appeared on the local media, Proton came out with an official statement confirming that it is in preliminary talks with General Motors to sell it a stake in its Tanjuing Malim factory.

"The Board of Directors of PROTON Holdings Berhad wishes to inform that talks with GM are only at a preliminary stage and as such warrants no announcement at this point in time," the Malaysian firm said in a statement.

Read more »

Rumors: Proton May be Forced to Sell Loss-Making Lotus Brand

Four centuries ago, they used to say that “the sun never sets on the British Empire”. Today, the Brits are content with much less – and the sun has more or less set on their local automotive industry after many decades of bad management and even worse products. As a result, foreign car groups own all major carmakers that managed to survive.

Lotus Cars, which was founded by the ingenious Colin Champan in 1952, was acquired in 1996 by Malaysia's Proton. Since then, it has introduced many variations of the lightweight Elise, its first new car in 12 year, the Evora, and showed no less than five new models in concept form at the 2010 Paris Motor Show.

Read more »

Volkswagen to Build Cars in Malaysia, will Start with the Passat from 2011

The Volkswagen Group on Tuesday signed an agreement with Malaysia's DRB Hicom auto group for local vehicle assembly as the Wolfsburg-based automaker seeks to expand its operations in Southeast Asia under the Strategy 2018 growth program. The announcement came after VW abandoned alliance talks with Malaysian state-owned carmaker Proton earlier this year for undisclosed reasons.

Read more »

Lotus CEO Says Concept City Car will Enter Production in "October 2013"

It appears that Aston Martin won't be the only British sports car maker to have a controversial small city car in its range. Lotus chief executive Dany Bahar told Car magazine that the Concept City Car, which was previewed at the recent Paris Motor Show alongside five sports car studies, has been approved for production. The comapny's CEO said the car will be manufactured in cooperation with Lotus parent company Proton and an undisclosed third party.

"Our city car has been confirmed and will be launched in October 2013," Mr. Bahar told the British magazine. "We are doing this together with Proton and another OEM [original equipment manufacturer, or car maker]. We will build three versions: one for the Asian market, one for Europe and a sportier one."

The Lotus flavored Concept City Car is based on one of the three Giugiaro-penned Proton EMAS design studies, which were first shown in Geneva earlier this year.

Read more »

Lotus Renault GP is the New Kid on the 2011 Formula 1 Block

Lotus announced today that it’s taking over the “Renault F1 Team” and creating a new team named “Lotus Renault GP” that will compete in the 2011 Formula 1 season and onwards. This is not the first time that the two companies have worked together in Formula 1, as in the 1980s, Lotus used turbocharged engines sourced from the French carmaker.

Read more »

Proton Rebadges Lotus Europa to Create Lekir Sports Concept

Taking center stage at Proton's 2010 Kuala Lumpur International Motor Show booth alongside the Mitsubishi Lancer EVO-esque Jebat study, is yet one more concept model based on another manufacturer's vehicle, the Lekir. This time, Proton looked into its own car bin and in particular, Lotus, which it acquired back in 1994, as the Lekir is essentially a rebagded Europa coupe. Mind you, it's not the first time we've seen the Europa wearing different logos as Dodge displayed an EV concept of the model at the 2009 Detroit Show.

Read more »

Proton Shows Mitsubishi Lancer EVO X Lookalike Concept of Inspira with 240HP Turbo Engine

The 2010 Kuala Lumpur International Motor Show at the Putra World Trade Centre in Malaysia saw local automaker and owner of Lotus, Proton, revealing a host of concept models including a sport prototype of the recently launched Inspira called the Jebat. Needless to say, it's clearly inspired from the Mitsubishi Lancer EVO X.

As you may remember, the Inspira is a rebadged Mitsubishi Lancer sedan and is the result of an OEM collaboration between the Malaysian automaker and Mitsubishi Japan. However, we're not so sure if Mitsubishi had this in mind when it was signing the agreement with Proton.

In any case, the Jebat study, which could very well lead to a similar production model, features a wide body kit with blistered wheel arches and splashes of matte black paint all around the car. Power is provided by a turbocharged 4-cylinder MiVEC engine producing 237HP (177kW) at 6,000 rpm and 343Nm of peak torque at 3,000 rpm.

Read more »

New Proton Inspira: The Malaysian Lancer Officially Launched

Proton has officially unveiled its Mitsubishi Lancer-derived Inspira mid-sizer, after its soft launch to the public and media in late October. Since then Proton has received over 1,800 bookings from customers around Malaysia in anticipation of its market launch this month.

The new model is the result of an OEM collaboration (the word "rebadge" sounds nastier...) between PROTON and Mitsubishi Japan, the latter providing the mechanical and design basis and the former tweaking the model for the Malaysian market.

Among those changes are the signature Proton grille and -according to the Malaysian company- the incorporation of Lotus DNA in the Inspira's ride and handling.

Read more »

Proton Rebadges Mitsubishi Lancer and Calls it Inspira. Too bad it isn't an EVO..

Proton, Malaysia's national carmaker and owners of Lotus, has taken the wraps of its latest model. No, you aren't looking at a cheesy Photoshop and this isn't an April Fools joke come six months late: this is the firm's new mid-sized Inspira sedan.

For those of you fooled by the *cough* deceptive *cough* restyling Proton has done, the Inspira (from the Bahasa Malaysia word 'Inspirasi' which means 'Inspiration') is based on the current generation Mitsubishi Lancer.

Read more »

Geneva Show: Giugiaro's EMAS Italian Kei Cars

Italdesign Giugiaro's latest design study is a three-car plug-in collection debuting under the name EMAS, which stands for Eco Mobility Advanced Solutions (Emas also means "gold" in Malay). Built in collaboration with Proton and Lotus Engineering, their goal is to showcase variable-design mini-sized cars that provide the interior space of mid-sizers.

For reference, the silver 5-door is the Emas Comfort, the orange one is the Emas Country, and the white 3-door is the Emas3 City.

The shared platform was designed in-house by Italdesign Giugiaro, and with its hybrid system's layout the seating position the Emas family retains a crossover-ish ride height. Thanks to their nifty packaging, interior space is at a maximum.

Read more »