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Lotus CEO Dany Bahar on the crisis at Lotus Cars
Tue, 17 Apr 2012Lotus chief executive Dany Bahar has laid bare the business position at Lotus Cars since the takeover of parent company Proton by Malaysia's DRB-Hicom. Norfolk's sports car maker has been buffeted by rumours of financial crisis and looming collapse since development was frozen by the new owners (click here for our coverage of the crisis at Lotus. CAR scored an interview with Bahar at the Hethel headquarters yesterday afternoon. He was abroad at the time of last week's media maelstrom, when rumours and slurs flew around about the state of Lotus's finances.
Aston Martin puts on a show for the Lord Mayor
Mon, 11 Nov 2013Aston Martin puts on a show for the Lord Mayor The weather on Saturday was wet and miserable, but that didn’t stop the annual Lord Mayor’s Show in London going ahead, complete with a selection of Aston Martin’s finest. The Lord Mayor’s Show happens on the second Saturday in November every year, and has for 477 years followed the same route - even throughout World Wars – as the City of London celebrates the inauguration of a new Lord Mayor. This year Aston Martin was asked to take part by the The Worshipful Company of Coachmakers and Coach Harness Makers of London – an apt invite for Aston’s centenary year – and Aston Martin responded with a decent turnout of models.
Market view: why the Jaguar XJ has an uphill battle
Fri, 10 Jul 2009By Glen Brooks Motor Industry 10 July 2009 16:11 It’s a sobering thought for Jaguar management that no matter how good the new 2010 XJ is, it’s never going to be a big seller. The global market for large executive saloons was in decline long before the Great Recession appeared, the buyers in this segment increasingly tempted by models as diverse as the BMW X6, Infiniti FX, Cadillac Escalade or Mercedes GL-Class crossovers and SUVs. The generation that was chauffeured in an S-class or XJ is retiring, with the owner-drivers who succeed them soon to be preferring a Porsche Panamera, Aston Martin Rapide or Audi A7.