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Business as usual: Lotus pledge after Proton sale
Bosses at Lotus yesterday assured staff it was “business as usual” as the Malaysian government sold its controlling stake in the sports car maker’s parent company.
Conglomerate DRB-Hicom Berhad said it would keep its options open about selling the British manufacturer after buying its parent Proton.
Group Lotus, based at Hethel in Norfolk, insisted the deal would not alter plans to turn the iconic company around.
The directors’ report to March 2011 showed the firm made a pre-tax loss of £26.1 million, compared with a deficit of about £12m in 2010.
Proton had pledged to fund a £200m plan aimed at creating hundreds of jobs and transforming the manufacturer from a niche brand to a profitable sports car company rivalling Ferrari and Lamborghini by 2014.
A Lotus spokesman said: “The situation that’s currently going on in Malaysia doesn’t change anything. Our plan remains the same – it’s business as usual.”
SCOTT REID
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