Detroit Electric unveils $135,000 battery-powered sports car 1:38 pm U.S. ET | April 4, 2013  Detroit Electric, a startup electric-car maker reviving a brand that dates back more than a century, unveiled its first model on Wednesday: a $135,000, battery-powered sports car that is to go into limited production in August.... Read More »
Lotus sues fired CEO for lavish spending on homes, helicoptersNov. 30, 2012 17:34 CET  Lotus said ousted CEO Dany Bahar stuck the carmaker with the cost of his luxury lifestyle. Lotus is seeking to recoup about $4 million for unauthorized expenses and overpaid salary and bonuses.... Read More »
Lotus sues fired CEO for lavish spending on homes, helicopters 11:34 am U.S. ET | Nov. 30, 2012  Lotus said ousted CEO Dany Bahar stuck the carmaker with the cost of his luxury lifestyle. Lotus is seeking to recoup about $4 million for unauthorized expenses and overpaid salary and bonuses.... Read More »
Honda may share platforms, facilities with Malaysia's ProtonOct. 30, 2012 06:01 CET Honda may share car platforms and production facilities with Malaysian carmaker Proton Holdings, owner of the British sports car maker Lotus Group International Ltd, according to a statement from Proton's parent, DRB-Hicom.... Read More »
Peugeot applies design talents to planes, watches and moreAug. 28, 2012 06:01 CET  The Peugeot unit of PSA/Peugeot-Citroen is joining automakers such as BMW, Porsche, Mercedes-Benz and Lotus by creating a business unit that offers design services for non-automotive products. The Peugeot Design Lab will borrow the talents of the French brand's design studios in Paris, Shanghai and Sao Paolo as it draws up blueprints for a wide range on non-automotive new products.... Read More »
Fired Lotus CEO Bahar seeks $10.6 million for wrongful dismissalAug. 27, 2012 19:49 CET  Dany Bahar, fired from his job as CEO at money-losing British sports car maker Lotus, filed a 6.7 million pounds ($10.6 million) claim against the automaker and its Malaysian parent, DRB-Hicom, for wrongful dismissal.... Read More »
CARS & CONCEPTS New Lotus owner scales back product expansion 12:01 am U.S. ET | Aug. 6, 2012 The new owner of Lotus has scaled back plans to expand the U.K. sports car brand's lineup, a source close to the company said.... Read More »
New Lotus owners scale back product expansionJuly 30, 2012 10:54 CET  The new owners of Lotus have scaled back plans to expand the UK sports car brand's product lineup. Malaysian industrial group DRB-Hicom has dropped a "five-year, five-car" plan for Lotus because it does not believe the project is viable, a source told Automotive News Europe.... Read More »
PRODUCTION LINE Design study: 127 mpg is possible with compromises 12:01 am U.S. ET | July 16, 2012  What technology would it take to produce a gasoline-powered car that could get 127 mpg on the highway? The answer: very little that is not already on the road.... Read More »
Study: 127 mpg is feasible -- with compromises 12:01 am U.S. ET | July 10, 2012  What technology would it take to produce a gasoline-powered car that could get 127 mpg on the highway? The answer: very little that is not already on the road. Lotus Engineering Ltd. has done an internal design study of a 1,150-pound three-seater powered by a 600cc two-cylinder motorbike engine.... Read More »
Bahar dismissed as Lotus chief executiveJune 7, 2012 22:37 CET  Lotus CEO Dany Bahar has been dismissed, the UK sports car maker said. Lotus said the decision was made by the company's board after an investigation into a complaint made against him by holding company DRB-HICOM.... Read More »
Lotus dismisses CEO Bahar after probe 4:46 pm U.S. ET | June 7, 2012  Group Lotus, the unprofitable luxury sports carmaker, fired CEO Dany Bahar after investigating unspecified concerns over his conduct, the company said. Lotus said the decision was made by the board after an investigation into a complaint made against him by holding company DRB-HICOM Berhad.... Read More »
Lotus owner says carmaker won't be soldMay 28, 2012 14:49 CET  The owners of Lotus said they have no plans to sell the UK sports car brand despite the suspension of CEO Dany Bahar. Bahar's suspension fueled fears that DRB-Hicom is preparing to sell the money-losing automaker. DRB-Hicom bought Proton, the Malaysian parent company of Lotus, in January.... Read More »
Lotus Group CEO Bahar suspendedMay 26, 2012 09:53 CET Dany Bahar, the chief executive with ambitious plans for British-based sports car maker Lotus, has been suspended by the new Malaysian owners of Group Lotus.... Read More »
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