Group Lotus Ceo Dany Bahar Reiterates Strength Of Relationship With Pr

Following several incorrect reports in the media, Group Lotus Chief Executive Officer Dany Bahar sets the record straight regarding Group Lotus’ relationship with majority shareholder Proton Holdings Bhd.

Dany Bahar said: “The past year has been an extremely important one in Group Lotus’ history and Proton has played and continue to play a crucial role in our development. One of the most critical elements of this support has been assisting us in securing the funding for our future plans. I am happy to confirm that this is now all complete thanks to Proton’s help and together with Proton we can focus on completing the five year business plan to return Group Lotus to profit.”

“Despite recent media reports which seem to suggest that we are looking at alternative partners for the future, I’m happy to confirm that this is absolutely not the case. We have an incredible relationship with Proton, they back us 100 per cent and frankly speaking this is really important when you face challenging issues such as securing funding for our business plan. Group Lotus could not ask for a better share holder.”

“Part of the business plan is the joint development of a global small car platform meaning that for the first time in the Proton Lotus history, the relationship will be mutually beneficial. This alone should demonstrate how close we are.”