Lotus Gets A Reprieve: Report

Mike Stevens | May 11, 2012

Lotus may be able to breathe a little easier this week, with reports out of the UK suggesting the small sports brand has secured a stay of execution from its new owner, DRB-HICOM.

According to Britain's Autocar magazine, sources at Lotus have confirmed that DRB-HICOM boss Dato' Sri Haji Mohd Khamil Bin Jamil offered his support during a visit to the carmaker's Hethel headquarters.

The report claims that while Dato' was quick to add that he could "never say never," he insisted that offloading Lotus is not a priority and DRB-HICOM "is not thinking about a sale".

The news follows a statement from Lotus in April that states DRB-HICOM “at no point indicated to Group Lotus that it intends to put the company into administration”.

The brand's future is far from secure however, with a final decision on its place under the DRB-HICOM umbrella still to be made.

One bright light for Lotus however is the resumption of production and development, after the sale of former owner Proton brought with it a forced 90-day budget lockdown.

As for the spread of new models expected to debut over the next five years, Lotus has reportedly confirmed that while development continues on the new Esprit, plans for the Elan, Elise, Elite, Eterne and city car may be revisited.

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Filed under: Lotus, supercar, News, performance, report, industry, enthusiast

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