Proton confirms it isn't selling Lotus...for now

Mark Nichol

Following the announcement that Dany Bahar has been suspended from his position as CEO of Lotus pending an investigation into irregularities, Proton has announced that the Norfolk car company will not be sold...for the time being.

Lotus is owned by Malaysian company Proton, which is owned by Malaysian corporation DRB-Hicom, so ultimately the power to sell lies with the latter.