As one of the few people who doesn’t hate the direction Lotus is going in, the news that development of Lotus’ entire lineup is disheartening. It seems that the Malaysian government is looking to unload their stake in Proton, parent company of Lotus. Malaysian takeover laws stipulate a three month “lockdown” on any company that may change hands, ostensibly as part of a “due diligence” period. That means that car production can continue, but Lotus cannot do any real R&D work. CEO Dany Bahar is apparently flying to Kuala Lumpur...
For more visit: http://www.thetruthaboutcars.com/2012/03/lotus-suspends-development-of-new-models-due-to-pending-proton-sale/
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