Proton to take over Lotus F1 Team?
#1
Posted 27 October 2012 - 08:53
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#2
Posted 27 October 2012 - 08:55
hmm... might explain why Raikkönen still didn't sign. but where else could he go if the team's future got in doubt?An interesting rumour floating in the India paddock that was reported by Brundle in the Sky commentary: Proton are set to buy the Lotus F1 Team.
#3
Posted 27 October 2012 - 08:58
That would be insane to buy the team from Renault only to sell it to Proton
Edited by korzeniow, 27 October 2012 - 09:07.
#4
Posted 27 October 2012 - 08:58
hmm... might explain why Raikkönen still didn't sign. but where else could he go if the team's future got in doubt?
Anywhere from NASCAR to WRC.
#5
Posted 27 October 2012 - 08:59
#6
Posted 27 October 2012 - 09:54
I think Genii would sell some shares not the whole team.
That would be insane to buy the team from Renault only to sell it to Proton
Companies buy things and resell them later *all the time*.
#7
Posted 27 October 2012 - 14:36
#8
Posted 27 October 2012 - 14:41
However, I've read from somewhere that Lotus denied this rumour. Although, that (in)famous saying regarding officially denied rumours would hint that this is actually happening.
#9
Posted 27 October 2012 - 15:11
However, I've read from somewhere that Lotus denied this rumour. Although, that (in)famous saying regarding officially denied rumours would hint that this is actually happening.
Yeah, Brundle reported the rumour in Q1 saying a lot of people had been talking about it in the paddock. At the start of Q2, he said that Lotus' PR guy Stephane Samson had contacted them saying it's not true.
Seemed a bit too quick for my liking, I have to say.
#10
Posted 27 October 2012 - 20:48
Why Proton would buy a F1 team when they still struggling to find the solution for Lotus Group survival? Beside, Proton is not big car manufacture that can spend a lot of money for F1. For me, Proton is more of rally car brand than a F1.
I agree, and touring car brand too. (Used to love these):
#11
Posted 28 October 2012 - 06:28
An interesting rumour floating in the India paddock that was reported by Brundle in the Sky commentary: Proton are set to buy the Lotus F1 Team.
Doubtful. Very.
What sense would this make?
#12
Posted 28 October 2012 - 06:31
It will be DRB-Hicon's stupidest mistake if its close to even true.
#13
Posted 28 October 2012 - 06:32
#14
Posted 28 October 2012 - 07:52
Given how cautiously DRB (Proton's parent) have been handling Group Lotus's finances the idea of them sanctioning a purchase of an F1 team is pretty fanciful so it's not a surprise to hear they aren't involved.Well it certainly ain't no news that they are going to change there name next year. Just after winning the stupid court battle ...
Any new name change would - you'd think - be financially costly for them, too.
And they didn't win the court case - they essentially lost and the matter (and name change) was arranged outside of court.
#15
Posted 28 October 2012 - 07:58
I think Lotus announced they will keep the name for 5 years even though they no longer are sponsored by them. IIRC.Well it certainly ain't no news that they are going to change there name next year. Just after winning the stupid court battle ...
#16
Posted 28 October 2012 - 08:40
It would be if it were to be sold without profit. If ti's profitable, it's business.That would be insane to buy the team from Renault only to sell it to Proton
#17
Posted 29 October 2012 - 05:59
#18
Posted 29 October 2012 - 09:59
They've now denied Proton are even on the list of investors. Brundle just confirmed.
But I believe they are on the list of creditors?
When Lotus Group sponsorship ceased, I believe Proton gave Lotus a sizeable loan, secured on team assets.
#19
Posted 29 October 2012 - 10:12
Even it it isn't profitable, it's business. Bad business!It would be if it were to be sold without profit. If ti's profitable, it's business.
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#20
Posted 29 October 2012 - 10:52
#21
Posted 29 October 2012 - 11:12
I think Genii prepare to commit with the team because of Kimi's re-sign for another year.
It's good because it brings stability into team and Lotus can now fully concentrate with their 2013 challenger and maximize it around Kimi.
#22
Posted 29 October 2012 - 11:18
Which, in turn, could increase the value of the team should GenII eventually sell it, indeed.... Lotus can now fully concentrate with their 2013 challenger and maximize it around Kimi.
#23
Posted 29 October 2012 - 11:21
#24
Posted 29 October 2012 - 11:59
DRB-Hicom buy Proton, a company who own Group Lotus. So DRB-Hicom automatically own Group Lotus too.By the way, I don't fully understand where the Proton rumours came from. It can't be through Group Lotus a.k.a. Lotus Cars, can it? Since Proton sold that company to DRB-HICOM.
#25
Posted 29 October 2012 - 14:27
Oh, shoot, I must have misinterpreted the news, at the time. I thought DRB 'only' bought Lotus, but they bought the Proton company. My bad.DRB-Hicom buy Proton, a company who own Group Lotus. So DRB-Hicom automatically own Group Lotus too.
#26
Posted 29 October 2012 - 15:18
Next thing should be that DRB start moaning that the Lotus Brand is abused...
#27
Posted 29 October 2012 - 15:44
http://thestar.com.m...=...&sec=nation
http://paultan.org/2...tion-agreement/
Will Proton buy Lotus F1 Team in near future and use Honda engine?