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GM to bid on Proton Group...think Lotus

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Old 01-13-2007, 08:11 AM
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GM to bid on Proton Group...think Lotus

Looks like I may be able to justify the new Lotus Esprit as a GM product afterall....

http://www.gminsidenews.com/forums/s...ad.php?t=43324

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Old 01-13-2007, 12:01 PM
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I really like the idea of GM having the resources of Lotus. Maybe they could help keep some future model's weight in check.
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Old 01-13-2007, 12:40 PM
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Somehow, I don't see this as working out all that well for Lotus.
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Old 01-13-2007, 01:18 PM
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Originally Posted by WERM View Post
Somehow, I don't see this as working out all that well for Lotus.
Elise/Turbo Ecotec? Sounds pretty good to me.
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Old 01-13-2007, 01:56 PM
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They have worked with Lotus before .
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Old 01-13-2007, 02:15 PM
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General Motors has OWNED Lotus before.

They bought Lotus in '86 and sold it in 93 to Bugatti to raise cash after the Roger Smith years.

As for Proton, they're sold in Australia, and are very stylish little cars. I don't know a thing about how well made they are, but they are pretty sharp for a cheap econobox.
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Old 01-13-2007, 02:59 PM
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I had never heard of this company, but here's the deal from the source article:

http://www.btimes.com.my/Current_New...8.txt/Article/

Proton at that time was the dominant player in the Malaysian car market, which is South-East Asia's largest passenger car market. Since then, its fortunes have come under pressure.

Perusahaan Otomobil Kedua Sdn Bhd (Perodua), the country's second national carmaker, has led vehicle registrations every month since at least March last year, the Malaysian Automotive Association said in October, while Proton's fiscal second quarter loss widened as sales sank to their lowest in seven years.
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Old 01-13-2007, 03:37 PM
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Originally Posted by flowmotion View Post
Proton at that time was the dominant player in the Malaysian car market, which is South-East Asia's largest passenger car market. Since then, its fortunes have come under pressure.

Perusahaan Otomobil Kedua Sdn Bhd (Perodua), the country's second national carmaker, has led vehicle registrations every month since at least March last year, the Malaysian Automotive Association said in October, while Proton's fiscal second quarter loss widened as sales sank to their lowest in seven years.
So is GM "buying low" and picking up a bargain, like Daewoo? Or are they saddling themselves with another underperforming turkey, like Saab?

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Old 01-13-2007, 05:13 PM
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Originally Posted by R377 View Post
So is GM "buying low" and picking up a bargain, like Daewoo? Or are they saddling themselves with another underperforming turkey, like Saab?

Lotus makes the best handling car in the world.
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Old 01-13-2007, 06:51 PM
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I am interested. Their small cars don't look too bad overall. Plus, if it goes through like GM asked, they have control over everything, and can move in, make changes where it needs to be made, and really get the ball rolling.

And of course getting pack "in bed" with Lotus seems like an extremely bright spot of this deal.

I can see this helping out Opel and Holden in their small car markets as well.
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Old 01-13-2007, 06:57 PM
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Y'all have Lotus to thank for the LT5, y'know -- they designed it.

Lotus these days is mainly a top-drawer engineering consulting firm. It's a great thing for GM to have in its worldwide portfolio -- odds are good they'll make better use of it than they did 20 years ago.
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Old 01-13-2007, 06:57 PM
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Originally Posted by guionM View Post
General Motors has OWNED Lotus before.
I don't think that it was necessarily good for them then either.

If GM took a hands off approach with Lotus (like Proton seems to be doing), maybe they'd be fine, but otherwise I think they'd be Fubar'd.
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Old 01-13-2007, 07:08 PM
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Originally Posted by number77 View Post
Lotus makes the best handling car in the world.
Not that impressive when you consider the Elise is really just a glorified go-kart, What can they do for the rest of GM? Other than provide some nifty "Suspension Tuned by Lotus" badges (Impulse anybody), At best they are niche operation riding on the coattails of past innovation and a guy named Colin Chapman.
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Old 01-13-2007, 09:19 PM
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Originally Posted by bossco View Post
Not that impressive when you consider the Elise is really just a glorified go-kart, What can they do for the rest of GM? Other than provide some nifty "Suspension Tuned by Lotus" badges (Impulse anybody), At best they are niche operation riding on the coattails of past innovation and a guy named Colin Chapman.
They have done things and will do thing for GM that you will probably never hear about.
BTW, I wouldn't call the Elise a go-kart.
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Old 01-13-2007, 09:21 PM
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Okay you got me, I forgot about the submersible Esprit
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