Report: Proton has no plans to sell Lotus
Posted by max at May 11th, 2012
Dato Sri Haji Mohd Khamil Bin Jamil, DRB-HICOM group managing director, said his company “is not thinking about a sale.” While the executive said that he could never fully dismiss the prospect of sending Lotus off to another owner, right now such a move isn’t one of his company’s top priorities. Instead, figuring out a course for Lotus could take months. In the meantime, Dato Jamil said his company would continue to support Lotus financially.
Until recently, Proton was owned by the Malaysian government, but DRB-HICOM purchased the company three months ago. Since then, the future of Lotus has been anything but certain. All production and development stopped for 60 days after the deal was inked, but has now officially resumed. Even so, with no clear long-term decision from DRB-HICOM, it remains unclear whether Lotus will pursue the five-year plan laid out by company CEO Dany Bahar.