1978 Lotus Esprit on 2040-cars

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Former CEO Bahar files $10.6M suit against Lotus

File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some $10.6 million, claiming that the automaker and its Malaysian owner, DRB, broke the law when they dismissed him. According to a report by Bloomberg Businessweek, DRB and Lotus will defend themselves in court rather than settling, including filing a countersuit against the former top executive.
Bahar, 40, was canned on June 7, about two weeks after Lotus suspended him pending an investigation into his conduct. The report cites a Kuala Lumpur stock exchange filing as its source of the information; the filing also indicates that DRB has decided against selling Lotus, despite continuing losses.

Lotus slated to stop selling Evora in US

It's been three years now since Lotus stopped selling the Elise and Exige in North America, leaving the Evora as its only model available Stateside. But according to the latest from Car and Driver, even that model is on its way out.
The problem reportedly comes down to air bags. Lotus was granted a temporary exemption from fitting the latest-generation smart airbags to the Evora, but that exemption is set to expire at the end of the year. And once it does, Lotus apparently has no intention of developing and fitting the proper equipment to allow it to continue selling the Evora in the United States.
Once the Evora is gone from our market, Lotus will be reduced to selling only track-bound versions of the Elise and Exige in the US, so the prospect of actually buying a new Lotus and driving off the dealer lot will vanish into thin air.

Lotus to receive $16M government grant

Troubled British automaker Lotus is getting a second infusion of cash following a 100-million-pound ($161.5-million) investment by its parent company DRB-Hicom that was made in August. The substantially smaller investment, a mere 10 million pounds ($16.2 million), comes from the British government's Regional Growth Fund.
The fund, which is part of a 3-billion-pound ($4.8-billion) fund to spur economic growth in the UK, will allow Lotus to invest even further in research and development as it seeks to reinvent its lineup of lightweight sports cars. The fund will also allow the UK-based outfit to provide further training for its new crop of employees.
"This grant is part of a wider strategy for Lotus created to ensure we thrive and grow. We are responding to increased global demand for our cars and engineering consultancy services and this grant will help to position Lotus as the forefront of global automotive innovation," said Aslam Farikullah (shown above with UK Business Secretary Vince Cable MP), the chief operating officer at Lotus.