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Showing posts with the label Proton

Lotus countersues Dany Bahar

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British sports car manufacturer Lotus is countersuing its former Chief Executive Officer Dany Bahar for £2.5 million. The Turkish-born ex-boss of the Norfolk carmaker has already brought a case against Lotus’ Malaysian parent company DRB-Hicom, requesting £6.7 million compensation for his alleged wrongful dismissal and loss of earnings. Read the full report here. Do read ' Of Proton Lotus and Dany Bahar ', ' Dany Bahar fired ' and ' Dany Bahar sues DRB Hicom '. Meanwhile, Proton Holdings has stressed that its loss-making subsidiary is not for sale as published in today's NST .  HD says : It just gets interesting...

Dany Bahar fired

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Following a suspension last month amid an investigation into misconduct-- likely related to his use of company funds to extensively refurbish his several houses- -Lotus CEO Dany Bahar has been fired, effective immediately. Read the Washington Post for the full story here . UK's This is money website called Bahar a man with film star looks and a lifestyle to match in its report on June 2 as seen here . Note the words "extensively" and "several". Hmm... So what's next for Lotus? Pic of Dany Bahar's rented home as published in UK's 'This is money' on June 2. HD says: Ouch!

Of Proton, Lotus and Dany Bahar

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Those in the scene are eager to find out about Dany Bahar's ( pic ) suspension. Perhaps this article 'Group Lotus boss Dany Bahar suspended' from UK's the Evening News 24 can clear the air; “As a result of a number of media inquiries, Group Lotus plc (“Lotus”) can today confirm that, following an operational review, chief executive Dany Bahar has been temporarily suspended from his role to facilitate an investigation into a complaint about his conduct made by Lotus’ penultimate parent company, DRB-HICOM Berhad. ” Just three days ago Dany was quoted by Top Gear's Ollie Marriage as saying; "Dato’ Sri Haji Mohd Khamil Bin Jamil, Proton's new Chairman, visited Hethel on Wednesday 2nd May and reassured the management team and staff representatives that DRB-HICOM is not thinking about a sale of Lotus right now . He also made it clear that a sale still could be an opportunity, but it is not DRB-HICOM’s priority to consider this right now for Lotus. T...