CloseClose
Poll

Has your service retention improved in the last two years?

View the poll
Fleet Events

Lotus temporarily suspends CEO

Group Lotus chief executive Dany Bahar has been temporarily suspended pending an investigation into his conduct made by Lotus’ penultimate parent company, DRB-HICOM Berhad.

Lotus will not comment on the reasons behind the suspension, but reports from The Telegraph have linked the investigation to one of two homes rented by Lotus for Bahar.

In a statement, Lotus said: “As a result of a number of media inquiries, Group Lotus plc (“Lotus”) can today confirm that, following an operational review, chief executive Dany Bahar has been temporarily suspended from his role to facilitate an investigation into a complaint about his conduct made by Lotus’ penultimate parent company, DRB-HICOM Berhad.”

Lotus is being run by representatives from Malaysia during Bahar’s suspension period.

The latest development marks a further twist for Lotus which is waiting on parent company DRB Hicom to decide whether it will retain Lotus as part of the Proton acquisition it made this spring.

Bahar has previously hit out at the media speculation in April that he had left Lotus and the sports car marker was heading for administration.

Lotus launched a bold five-year plan in autumn 2010, spelling out plans for a five-strong range to turn the Norfolk-based company into a Ferrari rival. Model plans were delayed following DRB-HICOM’s due diligence process.
 



Comment as guest


Login  /  Register

Comments

  • Irishboy4 - 30/05/2012 06:06

    what a pity, his dinner parties were so much fun............

    Reply as guest


    Login  /  Register

Related content

Retail new car finance offers

Manufacturer offers for retail new car buyers - updated monthly

AM Awards 2015

A host of pictures from the 2015 AM Awards at the ICC in Birmingham

Lotus

With a £100 million investment from its new management, DRB Hi-Com, to fund new models, a £10 million government grant for training and Jean-Marc Gales as the new chief executive officer, Lotus has a lot invested in its future success.

UK sales don't tell the whole story as it's a global brand, but the remaining 11 dealers will be wanting something to shout about to boost sales beyond the 235 sold last year, a fall of 8%.

Read more

Subscribe to AMi for full access

Market Share

Lotus market share
market share

Total sales

Lotus market share
total sales guide

How do dealers rate the value of the franchise?

Lotus market share
overall rating

AMi enables you to:

  • Monitor the UK’s most dynamic dealers
  • Identify the fastest growing dealers
  • Assess brand relationships
  • Benchmark performance
  • Access dealer health checks
  • Assess risk and identify opportunities
  • Track dealer group activity.

AMi is available on subscription. To find out more download our digital brochure or call Sara Donald on 01733 366474 or email sara.donald@bauermedia.co.uk.