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.”
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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.
