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June 4, 2011

Lotus CEO Denies Plans To Spin Lotus From Proton


Lotus impresario and well-coiffed CEO Dany Bahar has denied reports that he’s planning to divorce Lotus from its Malaysian parent company Proton—right after he mentioned that, well, he might.
During a recent interview, Bahar mentioned that he wanted to bring Lotus up to Porsche-killing standards, and in order to do so, he would have to leave Proton behind and shack up with a bigger sugar daddy, one capable of treating Lotus right. That company, he suggested, was Toyota: given Lotus’s now-tradition of using their engines, it only made sense.
But according to Bahar himself, “Proton has played, and continue to play, a crucial role in our development.” His vision for Lotus’s five-year plan includes Proton every step of the way, including Proton’s help in securing funding for Bahar’s next two-door/mid-engined/aluminum-spaceframe sedan/SUV/Cayman-killer GT/track-ready city car project.
“We have an incredibly strong relationship with Proton, they support us 100 per cent and frankly this is really important for a company like ours,” said Bahar.” Part of the business plan is the joint development of a global small car platform meaning that for the first time in the Proton Lotus history, the relationship will be mutually beneficial. This alone should demonstrate how close we are.”-autoguide.com

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