News Details
Future of Lotus in 'significant doubt' after £170m loss
The future of historic British motor marque Lotus has been called into question after the company made a £167.8m net loss in 2013 writes Christian Sylt in the Daily Telegraph.The Norfolk-based manufacturer is an official partner of the eponymous Formula One team but it does not own a stake in it. Being a partner is not the only connection between the two as Proton, the Malaysian company which owns Group Lotus, is understood to have given the team a £35m loan in 2012 so the health of the manufacturer could have consequences for F1.There is a long-standing joke in the motor industry that Lotus stands for 'Lots Of Trouble Usually Serious' and that couldn't be a better description...
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