UK: Group Lotus denies liquidation speculation
Group Lotus has denied speculation in the UK media that it could be about to be wound-up. The company is on a list of UK companies that were to be presented for possible wind-up (assets liquidated on behalf of creditors) by the High Court, but Lotus maintains that the apparent listing merely reflects a dispute with a contractor that has now been resolved.
In a statement Lotus said that the contractual dispute was “resolved amicably a number of weeks ago”. However, it said the “High Court process meant that the matter was still shown on the High Court website, as there was a hearing scheduled for today. This is what appears to have been seen and misunderstood. The case was only listed for the proceedings to be disposed of.”
The statement added that the claim “has now been dismissed with no order as to costs”.
Group Lotus is owned by Proton, which came under the control of Malaysia-based DRB-Hicom in early 2012 when the Malaysian government divested its stake. Lotus CEO Dany Bahar was subsequently dismissed by DRB-Hicom last year and his ambitious plans for a series of new Lotus models were cancelled.