Lotus Could Be Liquidated

Lotus Evora 1 photo
Photo: Lotus Cars
Group Lotus PLC could be liquidated in order for the company, which consists of Lotus Cars, Lotus Motorsport and Lotus Engineering, to pay its debts.
According to Autocar, an announcement made by the HM Courts & Tribunals Service has revealed that Group Lotus PLC is on the Companies Court Winding Up list. However, Group Lotus representatives have denied liquidation claims, saying that the appearance of the company's name on the CCWU list was the result of a legal case that "we can't comment on".

Whatever the case, the fact that Group Lotus has some unpaid bills is not a mystery. Even if the liquidation will indeed take place, the Lotus F1 team won't be affected and would continue to use the famous name. Group Lotus, which is now owned by Malaysian company DRB-HICOM, will issue a full statement later today.

Story via Autocar, The Telegraph
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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