Lotus nearing bankruptcy/shutdown? | FerrariChat

Lotus nearing bankruptcy/shutdown?

Discussion in 'British' started by tundraphile, Jun 17, 2015.

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  1. tundraphile

    tundraphile F1 Veteran

    May 16, 2007
    5,083
    Missouri
    Received indirect rumor today that Lotus is very close to bankruptcy. Long-term employees are feeling the waters about other job prospects.

    Any word?
     
  2. rdefabri

    rdefabri Three Time F1 World Champ

    Jun 4, 2008
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    Wasn't Proton considering floating / selling the company at some point?
     
  3. David Lind

    David Lind Formula 3

    Nov 19, 2008
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    I hope this isn't true, but it wouldn't surprise me. That entire Danny Bahar (sp?) episode, with 5 new cars being proposed virtually at once, indicated to me that they were going for broke ... hope that isn't where they are now. Lotus seems to have a financial crisis every 10 - 12 years.
    Kind of sad for me, as I saw Jim Clark win the 1967 British GP in a Lotus 49, have been through the factory twice (1978 & 1995), & have won 4 state autocross championships in a Twin Cam Europa Special.
     
  4. rdefabri

    rdefabri Three Time F1 World Champ

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    Wouldn't mind seeing GM ownership again :(
     
  5. sburke

    sburke Formula 3

    Dec 21, 2010
    1,273
    Lake Norman, NC
    This is always the rumor
     
  6. Mbn

    Mbn Formula Junior

    Apr 18, 2004
    482
    How much lotus worth ? Any idea ?

    Mb
     
  7. David_S

    David_S F1 World Champ
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    What about pairing with Ford? Bring out a new Cortina to fight the Fiat 500 & Mini crowds?
     
  8. tundraphile

    tundraphile F1 Veteran

    May 16, 2007
    5,083
    Missouri
    All I will say is this source has been an employee for many years and has been through several owners, and is high up enough in the company to have a good idea that it might be different this time (hopefully not).
     
  9. 95spiderman

    95spiderman F1 World Champ
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    Read theyre about to announce a new track model open top exige w 420 hp evora engine at goodwood next momth.

    Thats a good sign. I think
     
  10. Dave.0

    Dave.0 Karting

    Jan 3, 2015
    149
    Sedona, Dallas
    #10 Dave.0, Jun 19, 2015
    Last edited by a moderator: Sep 7, 2017
  11. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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    I'd have expected more damage than that. Especially on a Lotus! Sorry, couldn't resist. Glad you're ok. Did you hit a small javelina?
    T
     
  12. Dave.0

    Dave.0 Karting

    Jan 3, 2015
    149
    Sedona, Dallas
    Not so small javelina - the exige clam is hand laid fiberglass and more robust than the Elise, the splitter - not so much.
     
  13. tomc

    tomc Two Time F1 World Champ

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    Yikes. Almost ran into one of those out near Benjamin, albeit in a pickup truck.Glad you're OK...T
     
  14. How is the Evora in general? I keep seeing a cool white one running around, and a dealer in Indy sent me a free test drive & a car wash on one? I had to laugh about the car wash, but the Lotus looks pretty neat. A cheap 458?
     
  15. David Lind

    David Lind Formula 3

    Nov 19, 2008
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    Lotus recently announced they will be building an SUV ... in China. Doesn't sound like a company going broke. I would have zero interest in such a vehicle, but if it keeps the company afloat, I'm all for it. If Lotus goes down with a whisper, at least it can say it still offered a manual transmission!
     
  16. tomc

    tomc Two Time F1 World Champ

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    I thought the same thing the first time I saw the Evora! It's the poor man's (relatively speaking) 458 Italia. I think it's a great looking car. A lot rarer than Porsches. People on Lotus Talk seem to love it, but there are some scary reliability issues, but, of course, who knows how much that is the internet concentration effect? I'd love to pick one of them up on the cheap in a few years, but I gotta scratch my Ferrari itch first...T
     
  17. andyww

    andyww F1 Rookie

    Feb 7, 2011
    2,775
    London
    I can definitely see Lotus being under Chinese ownership at some time. Many Chinese manufacturers would love to have their design and engineering prowess under their belt.
     
  18. RHS

    RHS Formula 3
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    Nov 9, 2010
    1,173
    Hi.

    I think that the Chinese company 'Yutong'(?) is / was assembling Lotus cars under license in China. I can definitely see it happening. I doubt Proton has enough scale to be able justify keeping Lotus under its belt. Just my two cents.

    Regards,

    Ramin
     
  19. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
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    Jun 30, 2007
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  20. anunakki

    anunakki Seven Time F1 World Champ
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    Oct 8, 2005
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    They had a success with the Elise/Exige and seemed to rest on that for far too long. The Evora was too little too late
     
  21. LDM

    LDM Rookie

    May 19, 2015
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    #21 LDM, Jun 26, 2015
    Last edited by a moderator: Sep 7, 2017
  22. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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  23. LDM

    LDM Rookie

    May 19, 2015
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  24. 95spiderman

    95spiderman F1 World Champ
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    Superb!
    Love it
     

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