It is rumored that Proton, owner of Group Lotus, would be selling the brand to Genii Capital, an investment firm. Genii already owns a sizable share of the Renault GP, however with its F1 squad sponsorship, Lotus still holds a 25 percent share.

Shooting down the speculations, Proton released a statement that “The alleged moves between Group Lotus and Genii Capital are untrue and that the reports are highly speculative in nature. Proton’s relationship with Group Lotus is as good as it has ever been. Our priority now is to ensure that the Lotus business turnaround plan is executed according to schedule and that both parties are committed to its success….However we wish to add, that as a proactive business entity, the Proton Group of Companies will continue to initiate and consider viable business opportunities and arrangements which will benefit and add value to the group’s interest.”

At the close of 2015, Lotus intends to reach a goal of taking sales to 7,000 units.

- By: Alexandra Koken

Source: AutoCar