Lotus seems to be on the back foot of late, following news of CEO Dany Bahar’s removal from office and now the announcement that the company won’t attend the 2012 Paris Motor Show in September.
It was two years ago, at the 2010 Paris Motor Show, that Lotus and Bahar announced ambitious plans to produce five new models, some of which were planned for 2013. To-date, however, no further news has been heard regarding the new sports cars and the driving force behind the production plans, Dany Bahar, has made a hasty exit from the firm too.
Lotus sales have been slow thus far in 2012, partly due to production having been halted while Proton was acquired by the now parent company DRB-Hicom. Lotus is also waiting nervously as DRB-Hicom makes investigations into the company’s viability.
With a bit of luck, however, this latest news may prove to be a sign that Lotus is tightening its purse strings in an effort to remain fighting fit to produce some of the world’s best sports cars. We can only hope at this stage, but we’re following Lotus’ story and will keep you informed.