TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

More Woes for Proton (and Lotus)

Discussion in 'News' started by tonybelding, Jun 16, 2007.

  1. tonybelding

    tonybelding Active Member

    Joined:
    Aug 17, 2006
    Messages:
    1,078
    Location:
    Hamilton, Texas
    Forbes has the story. . . http://tinyurl.com/2henfb

    In summary. . . Proton has courted both GM and VW, but now it appears both have turned away. Without a partner -- or a government bail-out, which the Malay government says isn't going to happen -- it appears that Proton may be doomed.

    Why do we care? Because Proton is the corporate owner of Lotus Engineering and Lotus Cars.

    Now, it's too early to panic. As Proton's value plummets, GM or VW or somebody else might take another look and pick up the company for a song. And if Proton does go belly up, presumably their assets would be sold off. . . and Lotus is among those assets. The question then becomes, would anybody want to buy Lotus? It hasn't exactly been a profit center for Proton, unfortunately.

    We'll just have to hang on and see how things go, I guess.
     
  2. WarpedOne

    WarpedOne Mainecoon Butler

    Joined:
    Aug 17, 2006
    Messages:
    2,597
    Location:
    Slovenia, Europe
    Lotus is such a strong brand name that I would be shocked and suprised if no-one would pick it up.
    They have strong engineering and their own factories also. I say there is not much to worry about.
     

Share This Page