Esprit could live on, but not with a Lotus-built engine
Group Lotus has submitted a new business plan that significantly scales down its previous ambitions under sacked CEO Dany Bahar, according to media reports in Malaysia.
Under Bahar, Lotus planned to launch five all-new sports cars powered by the company’s own engines and gearboxes. But the plan was put on hold when Lotus’s parent company, Proton, was sold to Malaysian automotive investor DRB-Hicom at the start of the year.
DRB-Hicom has now taken over day-to-day running of Lotus following Bahar’s sacking last month, with Aslam Farikullah installed as chief operating officer.
Citing banking sources, the business media in Malaysia claims that a new business plan has been submitted to Lotus’s six main creditors.
Sources describe the plan as “much more realistic” than Bahar’s plan, which was described as “basically unworkable”.