By Drew Johnson
Tuesday, Apr 10th, 2012 @ 3:56 pm
 
Lotus' future continues to hang in the balance as the sports car maker's new parent company appears unwilling to support the company's aggressive future product plans. Lotus parent Proton was recently sold to DRB-Hicom.

Lotus CEO Dany Bahar previously stated that Proton's new owners fully supported Lotus and its future vehicle plans, but DRB-Hicom's actions suggest that might not be the case.

Per Malaysian law, Lotus was forced to go without financial support from Proton for 60-days. That two month period ended two weeks ago and so far Lotus hasn't received a dime from its new parent company. Bahar is also "on leave" this week, further indicating that something could be amiss.

According to Autocar, DRB-Hicom has little interest in dealing with Lotus' $316.7 million debt and is currently shopping around the UK-based car maker.

Although neither side has commented on the subject, recent rumors have surfaced that DRB-Hicom is shopping Lotus to China's Youngman. Youngman has been Lotus' official Chinese importer since 2006 and already produces a vehicle with an "Engineered by Lotus" badge. Youngman, as you might recall, most recently tried to purchase Saab.

We're not ready to write Lotus epitaph just yet, but it sounds as if the sports car maker could be in some deep trouble.