The British based company Lotus might be bought from Proton, after the chief executive Dany Bahar is currently looking for new financial partners.
After Proton has been sold in December, last year, to DRB-Hicom, a large Malaysian corporation, which is manufacturing and distributing vehicles, the Lotus brand, which is currently owned by Proton, is “looking” for new owners. According to a Sunday Times report, the Lotus chief executive Dany Bahar is looking for new financial partners in order to buy the British sports automaker from Proton, and Bahar wants a partner with the ability to fund the company with 500m GBP.
Lotus might end up being owned by Genii Capital, who already has the Lotus F1 team, but until the transaction will be put on a piece of paper, other potential investors are looking into the British brand. The current owner of Lotus, DRB-Hicom, hasn’t made its plans yet whether to sell or keep the sub-brand.
“I need to sit down with the management of Lotus and Proton to see whether the plans are workable as soon as possible”, said the DRB-Hicom managing director, Datuk Seri Mohd Khamil Jamil.
As a reminder, the Malaysian government has announced a deal of 410 million USD in selling Proton to the car distributor and importer named DRB-Hicom, and the deal is expected to complete by the second quarter of this year. Khaznah Nasional, the Malaysian government, sold 32.7 percent stake in Proton Holdings to DRB-Hicom. The current owner of Proton and Lotus is manufacturing and distributing Mercedes-Benz and Volkswagen models and the company owns eight assembly plants, out of which four are for cars. This deal will assure DRB-Hicom a combined capacity of 350.000 units per year in Malaysia.