Interesting read Pandamasque, thanks.
I think any one of us in their right mind could see this was a Qadbak style pyramid scheme running off the back of the Lotus name. What I didn't know was just how bad a state the Lotus car company is in themselves, although I thought they were just about ticking over. The comments are even more revealing and tally with some of the rumours that I have picked up:
Proton require vast public loans just to stay afloat and will need to produce three times as many cars just to break even.
To be honest this isn't a great surprise. Proton have never dealt in volume and as such were always going to be teetering on the brink.
They're looking for 40 million in grants from the UK government.
Yer, right. Not really the right economic circumstances to be asking for that.
Rumours from the Autosport International Trade Show in January suggest that the global Motorsport budget has not even been signed off by Proton.
This is another one I've heard, and it doesn't surprise me one bit. I've long thought this was some kind of Qadbak style scheme that has managed to get its claws into the weak Proton and Lotus organisation to lend itself some apparent credibility.
People can criticise Fernandes and his team all they want for not being the 'real' Lotus, but at least the guy has set up an actual race team and has done what he said he was going to do. At the end of the day, Fernandes is the one who is going to have to mop up the tattered remains of the Lotus name after this sorry episode. Lotus will at least be reunited though.
The Renault team will inevitably be folded when this all goes belly up and when Renault pulls out at the end of 2012, or when they can find an excuse to divest themselves of the team that bears their name. The then 'real' Lotus team will probably acquire some new staff and infrastructure.