For the past couple of months, there were rumors circulating that Proton wanted to get rid of its loss-making Lotus unit selling it to either Genii Capital or SAIC. Then, on January 16, the Malaysian carmaker announced that DRB-Hicom had acquired the government's 42.7 percent stake in the company.
Analysts hailed this movement as a win-win situation for both parties. They obviously didn't factor in Lotus CEO Danny Bahar who, according to a report from The Sunday Times citing unnamed sources, is looking for a partner to join him in bidding for a buy-out of the British automaker.
Read more »
