This news comes after the Lotus F1 team terminated a sponsorship agreement with Group Lotus but also stated that it had struck a five-year deal with Lotus’s owners to continue using the famous name.
This little statement is indeed confusing confirms my suspicions about the continued sponsorship of the F1 team and also the continued support of Lotus cars after the takeover of Proton.
This is happening right smack in the middle of Lotus' five-year turnaround plan. Lotus is in the midst of a spending spree in order to bring it into direct competition with manufacturers like Porsche and Ferrari instead of an affordable, slightly upscale fiberglass car manufacturer that most of us see it as.
DRB-Hicom is now seen as a company that does not think a sports car manufacturer can make money in the long run and wants to jump ship. It can be seen that this is a way for them to free itself from the Ł200 (S$ 395) million worth of debts that Lotus has accumulated prior and during this current turnaround plan.
So this may be the prelude to Lotus sinking like the Titanic, or folding down like Saab in car talk. It could also mean the take over of Lotus by another Chinese company which is what happened to Volvo (to Geely).