An unknown Malaysian automaker has approached Proton Holdings about the sale of its Lotus brand, a new report finds. Proton purchased a 63.75% stake in the British automaker in 1996 for $81 million. Lotus is best known for its light-weight sports cars and its auto engineering consultancy.
Proton had been in negotiations with Volkswagen about a possible alliance, but the deal collapsed and talks were suspended last month. Since the falling out, Proton’s stock has tumbled nearly 25%.
“It is believed the interested party…expressed a desire for the controlling stake in the high-performance engine manufacturer after the failure of Proton-Volkswagen partnership talks late this year,” the Malaysian Reserve said.
The newspaper failed to mention a bidder or the value of the takeover.



12/31, 3:31 PM
posted by:
LP640
they bought it for $81 million. Bargain of the century. the British car industry is utterly worthless. i’d have given them a dollar.
12/31, 3:32 PM
posted by:
LP640
first and second comment
12/31, 4:12 PM
posted by:
TOZO
I better stop your retardedness before comment number 4 comes along.
12/31, 4:59 PM
posted by:
corvette
i wonder what they could sell that stake for now
12/31, 5:34 PM
posted by:
LP640
^its probably even more worthless than it was, when they bought it
12/31, 5:39 PM
posted by:
RicardoHead
I think Tata Motors should buy this shït too.
12/31, 5:41 PM
posted by:
LP640
^lol R head
12/31, 5:53 PM
posted by:
acpd2001
Just curious why does everyone here hate Lotus
12/31, 7:06 PM
posted by:
Syrax
i think they should make cars again… the esprit was a car, elan, eclat, the lotus omega (or Lotus Carlton)…elise/exige is just a weekend toy IMO. they have the new europa but i never saw one.
12/31, 10:18 PM
posted by:
meekin111
at least $100 million is my bet
12/31, 11:01 PM
posted by:
terminator
Why do you even like cars LP640? All you have is negative comments for everything. You must think Italian cars are the **** or something.
01/01, 1:25 AM
posted by:
Rover3500
Well I think Lotus is brilliant and I look forward to seeing their new Esprit either this year or next year. Only Lotus could come up with a car so very right as the Elise. Light, sexy and constructed using innovative production methods..If it was American it would weigh twice as much..if it was Japanese, it wouldn’t have existed as they need to copy first. Such a rotten shame the British car industry is dead with so many great names mothballed. It saddens me we now live in a world of Kia’s, Hundai’s and now even Chery’s ugh..Where once we had Triumphs, MG’s and Austin Healey’s…..
01/01, 8:48 AM
posted by:
zurus
lp640 is just a little kid that thinks hes badass because he reads car magazines and thinks he nows it all
01/01, 10:59 AM
posted by:
CA36GTP
GM is kicking themselves in the ass for divesting themselves of Lotus.
01/01, 12:22 PM
posted by:
autonut
Lotus is the only one car manufacturer left in the world who does not cater to Britney Spears and Paris Hiltons of this world. This is unfortunate for driving enthusiasts. in the past Saab, Alfa and Volvo had offerings in the same spirit, since those were purchased by mediocre marketing machines the sport car spirit is gone. Regardless of who will own the brand I hope it will continue to lead automotive establishment.
01/01, 1:06 PM
posted by:
Veda
LP640: Are you sober now? Guess not…
01/01, 1:46 PM
posted by:
Veda
autonut: Do you think Lotus has a place in the BMW group?
01/01, 2:34 PM
posted by:
autonut
I don’t believe so. There is nothing for either marquee to gain from the union. BMW went “corporate” route producing heavy, bloated with amenities vehicles. You need either Microsoft or Java certification to start BMW 7, for driving Lotus you need to know how to drive manual transmission. There are no power windows in Lotus, much less iDontDrive
01/01, 5:23 PM
posted by:
Commodore
No new articles on LLN? I was expecting the sales results for December and for the year.
I predict that Toyota beat GM in sales for the year (obviously)
And GM/Ford sales are down from decreasing fleet sales by 30%
Nissan is up, Honda is up a little, Toyota is down or the same
Pretty pessimistic huh?
01/01, 5:45 PM
posted by:
CA36GTP
I pretty much agree with your predictions, Commodore.
Honda is always the reliably profitable company, but hasn’t had one of those big sales booms in a while. Slight increase compared to last year there. Nissan has some improved models out, so I see a small increase there.
I think Toyota will take the top sales crown for 2007, though I think as you pointed out it will be more due to GM drastically cutting fleet sales (and ditching some models that are ancient and straight-to-rental now) rather than Toyota selling drastically higher. I think GM will be in a position to take it back in a much better way by MY 2010. And they’ll do it with significantly less rental fleet padding.
Ford and Chrysler will obviously post huge losses, that’s pretty well known. I don’t see much short-term hope for them.
Not much to say about some of the European guys. I think VW will show a slight decrease, they seem to be losing their way. Daimler and BMW will probably remain pretty much on par.
As for some of the smaller guys: Mitsubishi will be up from Lancer sales and PR from the Evo X, but not enough to move them off the Endangered Automakers list. Subaru will be down due to the fact that their design department has been on crack for years.
01/02, 5:14 AM
posted by:
Veda
VW needs to let Porsche take over their management and make the same amount of profit ratio per vehicle as their own models.
01/02, 9:01 AM
posted by:
meanpants555
Toyota is the best buyer for Lotus. Lotus needs Toyota build quality and Toyota needs Lotus handling.
01/02, 9:01 AM
posted by:
meanpants555
Lotus already uses Toyota engines and transmissions.
01/02, 9:02 AM
posted by:
meanpants555
Also their product lines do not overlap.
01/02, 12:29 PM
posted by:
SwerveEarly
The last thing Lotus needs is to be bought by large corporate marketing machine especially one as shameless as Toyota.
Its almost a shame Prodrive bought Aston. Lotus seems much better suited to Prodrives’ focus of racing and cars for weekend racers. They are performance car guys, thats what Lotus needs. Not pressure to make more money every quarter.
01/02, 12:41 PM
posted by:
CA36GTP
Agreed, SwerveEarly. Lotus has bounced around in different ownership several times, and we can see that many partnerships just don’t work out. Lotus would drown under the banner of a large corporate system as exists under Toyota, GM, Ford, etc.
01/02, 3:24 PM
posted by:
meanpants555
What Lotus needs is deep pockets and quality, two things that Toyota has. Toyota needs cars with soul, which is what Lotus offers.
01/02, 3:28 PM
posted by:
meanpants555
I wouldn’t call Toyota shameless; they are sharply focused which is what every successful automaker is ie: BMW, Porsche and Ferrari.
01/02, 7:36 PM
posted by:
TOZO
You know, Proton eventually bought the remaining stakes in Lotus a few years back, and now owns all of Lotus.
01/02, 10:32 PM
posted by:
CA36GTP
Toyota would drain the soul out of Lotus.
01/03, 2:38 AM
posted by:
Stuart
Aston Martin would make good parent company for Lotus. This way Aston could make more sharper driving machines with Lotuses help and Lotus could be like smaller Astons with different designs and similar technology.
01/03, 5:06 AM
posted by:
V2
Let this overpriced go kart known for its appalling build quality and reliability go the way of the dodo and the rest of the British car industry and die. The world will be a much better place for it.
01/03, 8:58 AM
posted by:
meanpants555
Aston Martin and Lotus is a great pairing, good thinking Stuart.
01/03, 8:59 AM
posted by:
meanpants555
Why do some of you see Toyota as soul draining? I think they are just dull with a few flashes of brilliance.