Lotus Is Not Up For Sale Says Proton

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Quashing claims that British sports car company Lotus could be up for sale, current owner Proton has released a statement saying that the news was untrue and that there are no plans for the sale of Lotus or any stake in it.

Recent reports suggested that investment group Genii Capital, a part owner of the Lotus Renault GP team, was looking to acquire Lotus.

However, in its statement, Proton said: “The alleged moves between Group Lotus and Genii Capital are untrue and that the news is highly speculative in nature. Proton’s relationship with Group Lotus is as good as it has ever been."

According to The Sun Daily, Proton remains committed to ensuring Lotus’ five-year turnaround plan goes smoothly. Lotus is currently in the second year of the $750 million plan, which will see the launch of a number of new models including a new Esprit supercar, Elite grand tourer, Eterne four-door coupe, Elan sports car, Ethos city car, and a new Elise.

Of course, it’s not like a company has never denied a sale only to see its property change hands with a new owner within months.

Stay tuned for an update.

 
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