Proton Refutes Reports that it will sell Lotus to Genii Capital

Proton, the Malaysian owner of Lotus, released a statement where it dismisses reports that appeared in several media outlets and which said that it is planning to sell a stake of the British sports car manufacturer.

Here’s what the company stated: "The alleged moves between Group Lotus and Genii Capital are untrue and the reports are highly speculative in nature. Proton’s relationship with Group Lotus is as good as it has ever been.”

Read more »

Lotus Launches F1-Inspired Special Edition of Evora S

Lotus has released a new limited run special of its Evora S sports car that pays homage to the brand's Formula 1 team. As such, it is painted in the racing team’s colors with black bodywork and gold-painted stripes on the hood, the profile and the roof, as well as a gold-hued “Lotus” decal at the rear. Read more »

Lotus Wants to Make the World Notice its Cars to Increase Disheartening Sales

Lotus is a brand with a long and distinguished history – yet that's not enough if your present situation is dire. In the first eight months of the year, Lotus sales were merely a blip in the UK sales chart as only 272 cars were delivered, a 24% decrease to the already depressing 358 units of the same period in 2010.

Karl Heinz Kalbfell, who used to work for BMW, was brought in last year in an effort to increase sales. He says that the reason Lotus can’t sell more cars is that the public isn’t aware of the company's products.

Read more »

Caterham Launches New Company, Will Introduce Brand-New Models

Back in April, when the owners of Formula 1’s Team Lotus acquired British sports car maker Caterham, they promised to “have all the ingredients and the launch pad to take Caterham to new exciting horizons with innovative products and greater brand exposure.”

True to their word, Caterham's new owners announced on Monday that they are creating a new, standalone engineering business named CTI (Caterham Technology and Innovation).

Read more »