Filed under: Performance, Plants/Manufacturing, Lotus, Earnings/Financials, UK, Luxury
http://www.blogcdn.com/www.autoblog.com/media/2012/03/lotus-exige-s-628.jpg
Lotus has put a halt to all development of future models. The news comes after the Malaysian government sold its controlling stake in Lotus parent company Proton. According to EVO, the company’s takeover regulations require all involved parties to enter into a “lockdown” wherein anything outside of normal business is brought to a halt. For Lotus, that means stalling development for 60 days and pushing back launch dates for vehicles like the [Exige S](http://www.autoblog.com/tag/exige s), Evora GTE and the upcoming Esprit successor. [Lotus CEO Dany Bahar](http://www.autoblog.com/tag/dany bahar) is currently engaged in talks with DRB-Hicom, Proton’s new owner, in an attempt to ensure the industrial conglomerate holds onto the sports car maker.
Odds are we won’t know what the future has in store for Lotus until after the due diligence period comes to a close. In the mean time, Lotus will continue to build and sell cars as well as engage motorsports efforts. It will also be the featured marque at the [2012 Goodwood Festival of Speed](http://www.autoblog.com/tag/goodwood festival of speed).Lotus model development on lockdown as company looks to change hands originally appeared on Autoblog on Wed, 14 Mar 2012 10:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Commentshttp://feedads.g.doubleclick.net/~at/3Tclv_4dd5Fo2MZPlJx43LwgzsI/0/di
http://feedads.g.doubleclick.net/~at/3Tclv_4dd5Fo2MZPlJx43LwgzsI/1/di
http://feeds.feedburner.com/~ff/weblogsinc/autoblog?i=OfwwCxqACYo:K4DlWP089bM:wF9xT3WuBAs http://feeds.feedburner.com/~ff/weblogsinc/autoblog?i=OfwwCxqACYo:K4DlWP089bM:V_sGLiPBpWU
http://feeds.feedburner.com/~r/weblogsinc/autoblog/~4/OfwwCxqACYo