The last months have been turbulent for the British automaker Lotus. Ex-CEO Dany Bahar has been dismissed.
Light at the end of the tunnel for the British automaker has not yet visible. The Advisory Board Company was dismissed on the eve of the exhibition in Paris. In addition, it was stated that a more realistic range is already on the horizon. A Bahar is suing his former employer by filing a lawsuit for a total of $ 10.6 million
This may be just the tip of the iceberg, however, regularly reported that all current and future projects are either significantly delayed or canceled altogether. Suppliers are experiencing problems in the timely payment, and some of them are threatening to sue for non-payment. In an effort to stabilize their cash flow, the automaker began to ask grace, which caused an increase in debt in these difficult times.
Of course, we hope that Lotus will find a way out of this situation, in these difficult times and will return to his usual activities - making great sports cars.
