Proton (Lotus Parent Company) & VW Deal DOA

[Feffman]

Hi All:

Well it looks like we won't have VW owning Proton or Lotus!

http://www.LotusCarClub.org/

Feff

[Tentenths]

Thanks for that Feff

Immediate reaction is that, on balance, it's good news (especially in the context of the Lotus/Proton debt to equity swap). But could be a case of 'every silver lining...'

I guess time will tell.

[Kimbers]

I would think it's not a priority at present due to Porsches attempts at taking VW over. All hands on deck and all that!

[gghc87]

Nice to see some positive writeups. If the report is true personally I'm not sure what positive effect the VW link up would have given Lotus. The second report is the sought of positive reporting thats needed. . IMO it looks like all the hard work by MJK is starting to pay dividends.

Edited March 30, 2007 by gghc87