Yahoo Autos Lotus Might Be Up for Sale Soon
For once, things are looking up for Lotus. Well, sort of. It has a brilliant new-ish car in the Evora 400, and it's got an all-new Elise and Exige in the pipeline. Its sports cars are as good as ever, but unfortunately, its owners might be in trouble.
Malaysian automaker Proton, which bought Lotus in 1996, has recently run into financial trouble, prompting its parent company DRB-Hicom to consider selling a stake. Automotive News Europe reports that as an additional consequence of these financial difficulties, Proton may sell off Lotus.
While Lotus has consistently made brilliant, forward-thinking sports cars over its history, it's had its share of financial difficulties. Current Lotus CEO Jean-Marc Gales hopes that the company will reverse its financial fortunes on the Evora and the upcoming Elise and Exige.
The good news is that Lotus' engineering expertise could be of interest to potential suitors. The company's engineering firm, Lotus Engineering, has done consulting and development for virtually the entire automotive industry.
Peugeot, Renault, and Suzuki have all expressed interest in investing in Proton, but it's unclear if there's any interest in Lotus. We hear Apple is looking for automotive engineers, though.
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