Lotus in limbo after chief executive Dany Bahar's suspension

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Lotus in limbo after chief executive Dany Bahar's suspension

Postby markv » Thu 31.05.2012, 02:24

Regards

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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby Monty » Thu 31.05.2012, 20:50

What a surprise :roll:

Always thought that Lotus were going in the wrong direction and that the new models will be a failure at the price they were asking and could see the End of Lotus, they should just stick to what they know, light weight and good handling cars 8)
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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby daveiow » Sun 03.06.2012, 11:34

According to the Mail on Sunday it's Danny's rather extravagant lifestyle and travel options that have caused the falling out :(
Champagne tastes on beer money springs to mind.
However the bosses knew what they were getting when hiring him,also image is everything when you run with the big boys so a serious strategy rethink is probably on the cards.
I personally don't see a sale to another venture capital/ Chinese group would be a disaster as long as jobs here are safeguarded if possible.
Tata have not been a disaster for JLR so far. Brand and heritage are the great selling points today

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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby tigerdog » Sun 03.06.2012, 15:21

Perhaps Tata would even consider Lotus. They seem to have a fondness for the most British of brands. I'll just ring up my mate Ratan and have a little chat... :lol:
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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby Specky » Mon 04.06.2012, 18:17

I just saw this on Facebook and thought "This is just the weirdest reply ever"......

and the first statement isn't quite true....

I guess that's the end of Lotus....so long and thanks for all the fish

306629_371667082877743_487917079_n.jpg


Lotus Cars

Never let the facts get in the way of a good story….

Take a little look at what we found online. Don’t you think it’s funny? We do. We had a good old giggle. After all, we love a bit of self irony, just as well really. Although it’s funny, this one’s not accurate but then again, why let the facts get in the way of a good story? The inconvenient truth is – surprise, surprise – we have never said that there are no problems at Lotus.

So whilst lots of people obviously feel the need to comment on Lotus’ current situation in the absence of proper facts or evidence, we can’t ignore these particular mistruths any longer even if we would like to, so we have decided to turn a negative into a positive and use this hilarious piece of ‘art’ to set the record straight regarding the status quo at Group Lotus and try to return a little stability to a fast changing situation.

False rumour #1: Dany Bahar is no longer CEO of Group Lotus.
Fact: Rubbish – Dany Bahar still is.

False rumour #2: Dato’ Sri Syed is no longer Managing Director of Proton.
Fact: Again rubbish. He still is.

You can thank good old Tony Fernandes for these two. Don’t take everything he tweets too seriously – perhaps he’s still frustrated about owning Caterham instead of Lotus and the fact that he fights HRT and Marussia instead of Mercedes and Ferrari in F1.

And whilst we’re on the subject of jokes - do you know the latest F1 joke? Mike Gascoyne, Caterham Group’s Chief Technical Officer, has gone missing. Why? He’s looking for the 30 to 40 points he predicted for the last F1 season. Funny.

Speaking of F1: It seems that one special so called ‘independent’ source is at the root of the lion’s share of damaging rumours and misleading stories. The delightful Joe Saward which leads us nicely to….

False rumour #3: Joe Saward is JUST an independent journalist.
Fact: He is an active Director on the Caterham Group Board.

And unlike some, we don’t want to get too personal, so we’ll leave it to you to judge how ‘independent’ his stories about Lotus are.

False rumour #4: Group Lotus is no longer involved in F1.
Fact: Lotus F1 Team and Group Lotus have reshaped their commercial relationship earlier this year. The new governance agreement signifies the continued commitment of Group Lotus to the team and the sport.

Group Lotus’ branding and marketing rights and subsequent activities remain unaffected by the new agreement until at least 2017. Alongside continued branding and title partnership status, Group Lotus is also the exclusive master licensee for all Lotus F1 Team merchandise.

The new agreement was reached following Group Lotus owners Proton providing team owners Genii with a £30m loan which is repayable within three years. In order to secure the loan Genii used 100% of the F1 team’s assets as collateral meaning that under the conditions of the loan agreement Proton have been given full title guarantee to all plant, machinery, show cars, computers, office and the Lotus F1 Team headquarters.

In addition Proton retains the rights to purchase 10% of the F1 team. Another 10% share option will be activated if the team default on their loan obligations with Proton.

Again we leave it to your judgement how ‘bad’ Lotus’ current situation in F1 is. And speaking of bad situations…..

False rumour #5: Group Lotus is going into administration.
Fact: Rubbish. The takeover of our parent company Proton by DRB-HICOM couldn’t have come at a worse time, but up until that point Proton was (and still remains) fully committed to our five year business plan to create jobs and to expand the factory and business. With the takeover process the funding has been restricted and DRB-HICOM is taking time to understand what to do with the business. DRB-HICOM is currently in the middle of due diligence of Group Lotus and there have been and continue to be positive discussions between Group Lotus senior management and senior management at DRB-HICOM both here in Hethel and in Malaysia. At no point has DRB-HICOM indicated to Group Lotus that it intends to put the company into administration. The over-active rumour mill is seriously damaging our business reputation, image and credibility but it is what it is.

The simple fact is, and we haven’t denied this - Lotus is going through a very difficult phase at the moment but we are showing true fighting spirit every day in trying to keep this vision alive. This is also a fact – no matter what people outside of Lotus may say or tweet or blog.

Here's the link Facebook link

TTFN
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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby JonT » Tue 05.06.2012, 09:28

Specky wrote:I just saw this on Facebook and thought "his is just the weirdest reply ever"......

and the first statement isn't quite true....

I guess that's the end of Lotus....so long and thanks for all the fish

I think that dates from a month or two ago Specky, so isn't directly related to the latest goings on.
/edit looking at the comments on that post it was early April.
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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby Specky » Tue 05.06.2012, 10:11

JonT wrote:
Specky wrote:I just saw this on Facebook and thought "his is just the weirdest reply ever"......

and the first statement isn't quite true....

I guess that's the end of Lotus....so long and thanks for all the fish

I think that dates from a month or two ago Specky, so isn't directly related to the latest goings on.
/edit looking at the comments on that post it was early April.


I know...

What makes it all the more embarrassing is that the photograph and comments are still there...

Especially with what's happened since...

And to be honest it's a childish pissing contest with only the point of view... So called Lotus.... And they're losing a one-sided argument.

Just madness...

TTFN
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Re: Lotus in limbo after chief executive Dany Bahar's suspen

Postby Specky » Thu 07.06.2012, 21:22

And he's gone....How predictable was that...

http://www.autocar.co.uk/car-news/indus ... lotus-boss

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