Group Lotus owner Proton has played down reports that it could sell the Norfolk sports car firm to investment company Genii Capital.
However, the Malaysian car firm has also stated that it is open to discussions about outside investment into Lotus, leaving the door open for a possible link-up with Genii.
On Saturday Autocar reported on speculation that Genii, founded and run by Gérard Lopez, was interested in buying a stake in Group Lotus.
Genii owns a large portion of the Renault GP, but Group Lotus sponsors the F1 squad and also has a 25 per cent stake.
A statement from Proton said: “The alleged moves between Group Lotus and Genii Capital are untrue and that the reports are highly speculative in nature. Proton's relationship with Group Lotus is as good as it has ever been. Our priority now is to ensure that the Lotus business turnaround plan is executed according to schedule and that both parties are committed to its success.
“Proton and Lotus have reached a juncture whereby the market is eagerly waiting for Lotus' new products and all our energy and efforts have to be channelled towards achieving this critical goal.