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Lotus suing former CEO Bahar over spending on homes, helicopters and watches

More details have come out about the legal suit and countersuit being contested between Lotus cars owner DRB-Hicom and former CEO of Lotus Dany Bahar. Bahar was brought in by Malaysian car company Proton in 2009 to turn Lotus around, and events during his tenure have made just about everyone wonder "What's going on?" That's not unusual - it can take a minute to figure things out when a new leader takes everything in a new direction - but in this case the clouds didn't clear quickly enough.
When the Malaysian government sold Proton to Malaysian auto supplier DRB-Hicom earlier this year, a forensic accounting team from Ernst & Young and The Rothschild Group started going over the books. Not long after, Bahar was suspended in June from his position and then fired. In his countersuit against DRB-Hicom, claims of lavish spending began to surface. Then the stories and leaks and rumors really began, the UK's Financial Mail reporting on more than one million pounds spent on private flights and home renovations, the New Zealand Herald talking about other executives sacked so that DRB could rearrange a 270-million-pound bank loan to Lotus, and rumors on forums about Bahar flying from his home in Norfolk to Hethel HQ and spending 30,000 pounds on motorsports books for his office.
In the latest Bloomberg report it is said that DRB-Hicom seeks 2.5 million pounds ($4 million US) from Bahar "for unauthorized expenses and overpaid salary and bonuses," including the purported expense of 3,000 pounds on watches for company managers. DRB-Hicom also says Bahar made damaging statements to the media, on top of breaching his contractual duties. Bahar's countersuit seeks $10.6 million from DRB-Hicom.

Lotus Type 130 electric hypercar confirmed for July 16 reveal

Lotus just formally announced that its electric hypercar will be revealed on July 16. It's called the Type 130, and it's confirmed for production at Lotus headquarters in Hethel, Norfolk. The name is derived directly from the production quantity, as Lotus is capping the car at just 130 units. This project is coming together at a rapid pace, as Lotus also says the first customer deliveries will happen in 2020. Meeting time goals for the production of EVs has proven troublesome for some manufacturers, so we'll see if Lotus is able to deliver in the next year and a half. The British sports car company has Chinese backing in the form of Geely now, so the funds to make this car happen appear to be there. Lotus says that it's had several hundred people express interest in buying the Type 130 since its confirmation at the Shanghai Auto Show. Of course, with only 130 slots available to buy the vehicle, we'll see how it all shakes out once Lotus announces what we expect will be an extravagant price tag. Hypercars, and especially electric hypercars, are never cheap. Lotus released a teaser photo that tells us next to nothing, but it is a photo of the car. The teaser video below is a bit more interesting with the "Hand Built in Britain By Lotus" emblem and the electric charge port hidden off to the left. It has an automatically closing door there, which doesn't exactly feel like Lotus' style. If something can be done mechanically to save weight, that's typically the path taken. We won't prejudge the car too harshly, though, as this represents an entirely new take on Lotus vehicles. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Lotus Type 132 crossover EV teased five ways in video

Lotus has combined its series of video teasers of the Type 132 crossover into one reel. The result provides peeks at five of the features we can expect on the electric CUV when it launches next year. Under the "Breathe" section, there's the active lower grille, divvied-up hexagonal openings that twirl open or closed to provide the right combination of powertrain cooling and vehicle aerodynamics. Titled with "See," there's what looks like a sensor detection unit rising from the roof; it looks like a LIDAR unit pointed toward the rear, but it's impossible to know from the clip. In the "Stretch" section, we see an active rear spoiler moving into a higher drag configuration, connected to a fender with lines that evoke the Evija and Emira. Finally, in "Awaken," there's what looks like a giant screen canted toward the driver and towering over the instrument panel. The Type 132 will commence Lotus' EV-only series production future, the first of four models due in the next few years, and the largest. After it will come a sedan marketed as a four-door coupe known as Type 133, expected on sale in 2023, a smaller crossover called the Type 134 that will debut in 2025, and a sports car currently dubbed Type 135 that's planned for 2026 and could get an Alpine-branded sibling. The four-door models are expected to ride on Lotus' Evolution architecture for "premium" vehicles, with available dual-motor powertrains that might get up to 750 horsepower powered by batteries up to 120-kWh. The sports car will get the E-Sports platform Lotus will share with Alpine and sell to other manufacturers, the junior relative of the Extreme platform that supports the 1,973-hp Evija.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.