April 20, 2014 10:20 PM ET

Automobiles

Company Overview of Lotus Group International Ltd.

Company Overview

Lotus Group International Ltd., through its subsidiaries, offers services such as automotive engineering and manufacturing of luxury sports cars. It engages in advanced power-train design/testing, as well as the development of lightweight materials. The company also undertakes ongoing studies on noise, vibration, and harshness; ride and handling; vehicle engineering; and the development of advanced vehicles. The company was incorporated in 1993 and is based in Norwich, United Kingdom. Lotus Group International Ltd. operates as a subsidiary of Proton Holdings Bhd.

Potash Lane

Hethel

Norwich,  NR14 8EZ

United Kingdom

Founded in 1993

Phone:

44 1953 608000

Fax:

44 1953 608300

Key Executives for Lotus Group International Ltd.

Lotus Group International Ltd. does not have any Key Executives recorded.

Lotus Group International Ltd. Key Developments

Aston Martin Reportedly Eyes Lotus

Aston Martin Lagonda Limited and a company from China are reported to have indicated interest to acquire Lotus Group International Ltd. from DRB-HICOM Berhad."I assure you we are looking at it [Lotus] deeply and seriously ... I've visited the company twice," DRB-Hicom chairman Datuk Syed Mohamad Syed Murtaza said.

Volkswagen Denies Having Interest To Acquire Lotus

A spokesman for Volkswagen AG said that it has no interest to acquire Lotus Group International Ltd. DRB-HICOM Berhad said that a foreign company had submitted a takeover offer for Lotus. However it did not disclose any concrete names but local media reported that the company interested in Lotus may be Volkswagen.

Proton Denies Lotus Sale

Proton Holdings Bhd. has denied the rumors that it is seeking to sell Lotus Group International Ltd. "Lotus can provide value to Proton. Lotus is an iconic brand with a global presence and positioning, coupled with unsurpassed engineering expertise and a talented workforce," Proton's chairman Mohd Khamil Jamil insisted in a statement on May 28, 2012. "Both Proton and DRB-Hicom will continue to review the existing business plans and financial position of Lotus in taking Lotus forward in the immediate to medium term."

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