Could Volkswagen AG’s Next Victim be Lotus?
DRB-Hicom and Lotus have officially shut down the five-year plan that Dany Bahar placed the compact sports car company on shortly before he was canned. In fact, DRB-Hicom flat out called the plan unrealistic and we agree. Now with Lotus hanging around with no real future in sight, could DRB-Hicom be ready to offload Proton and Lotus altogether?
If it is ready to cut the money pits named Proton and Lotus loose, there is a suitor ready and waiting, according to a report by Reuters. Volkswagen, the recent PAC-Man of the automotive world, tried once to snatch up Proton, but failed, and now it looks as if it is ready to try again for at least partial control.
Ideally, for VW, DRB would let go of controlling stake in both companies and sell them to VW on the cheap, so that the magical Volkswagen wand can heal Lotus and Proton, much like it has with Audi. The connection is already there, as VW uses a DRB-Hicom facility to manufacture the Passat, so starting up the conversation of a buyout is as easy as pressing a speed-dial button on a cellphone.
Volkswagen, of course, isn’t saying a word about all of this and DRB-Hicom has been insisting that it is not selling Lotus or Proton. As we all know, car manufacturers will deny any type of news about selling companies or merging until they absolutely cannot deny it anymore, so we take all of this denying with a great big grain of Sodium Chloride.
We’ll keep you updated if anything else comes up on this front.