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Bahar: Team Lotus should be allowed to 'rest in peace'

Fernandes is presently seeking a ruling in London's High Court over the rights to the 'Team Lotus' name and is pursuing legal action against Proton and Group Lotus for having terminated his five-year licensing deal four years early. Both Lopez and Bahar are confident it is a battle Fernandes will not win, with the latter predicting an out-of-court peace deal.

The Turkish-born businessman went on to outline his vision for the future of Lotus in F1, with the reputed $20 million-a-year Renault agreement – initially for two seasons, with an option to extend into a third – making sense given Genii Capital's pre-existing relationship with Proton in joint road car initiatives.

“We would not have the courage to build a new team from scratch,” Bahar reasoned, “so we took the more conservative approach. We want to fight at the top end of the grid. We understand that for the next two years we need to learn about F1, the car will be a Renault and so on, but then when we have a new Concorde Agreement, hopefully (in 2013) we can possibly change the name. We'll see where we are and learn over two years.”

With five new road-going sportscars in the pipeline, too – as Lotus bids to reinvent itself as a kind of British Porsche and turn around a long loss-making trend, Allen explains – Bahar is launching an 'ambitious and super-aggressive plan' in the coming years, with F1's ever-expanding Asian market a key target.





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Ressa - Unregistered

December 16, 2010 7:04 PM

DTGM: You are absolutely right! Danny Bahar, Eric Boullier and Proton are making things worse for themselves. If you notice all the bad mouthing is coming from these people. Neither Fernandes nor any Team Lotus guys are giving bad/negative comments about the Lotus Renault F1. I think if VW bought Lotus, they would be on par with FERRARI, LAMBO AND PORCHE. PROTON owns LOTUS for 14 years now. They have gained nothing from it for the benefit of their cars and vice versa. After 25 years in operation, PROTON have downgraded themselves from a car manufacturer to car assembler by rebadging the Mitsubishi Lancer. Instead of concentrating on each others production cars they are sponsoring an F1 team. Y dun they make gd cars first...

almaaaaa

December 16, 2010 4:48 PM
Last Edited 1343 days ago

I shall quote Tony Fernandes (before a few of you start bashing him): "There was no such thing as an offer," Fernandes told AUTOSPORT about Bahar's claims. "There is an understanding that Lotus's involvement with Renault is worth £20 million, which would therefore mean that I was seeking £60 million - which is a complete fabrication. "We never got past an initial dinner meeting. Dany Bahar and Riad Asmat met and that was it. No offers were ever exchanged. "We were very open to equity sharing, working together and other combinations. We wanted it to work for the good of the Lotus brand - and it made sense to combine. "I can state categorically that there is no way we were three times more expensive." "How Eric Boullier can say we have fooled fans - I think that is an insult to fans. Fans will make up their own mind. If we are not up to the mark they will not give us any support. You cannot fool anyone. (continued on next post)



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