Go to Ultimatecarpage.com

Go Back   Ultimatecarpage.com forums > Automotive forums > General Automotive


Reply
 
Thread Tools Rating: Thread Rating: 3 votes, 5.00 average. Display Modes
  #1  
Old 04-11-2012, 09:27 AM
Wouter Melissen's Avatar
Wouter Melissen Wouter Melissen is offline
Supporting Admin
 
Join Date: Apr 2003
Posts: 8,954
Rozenburg
Send a message via MSN to Wouter Melissen
Never let the facts get in the way of a good story….

Just received this remarkable press release from Group Lotus:

Quote:


Take a little look at what we found online. Don’t you think it’s funny? We do. We had a good old giggle. After all, we love a bit of self irony, just as well really. Although it’s funny, this one’s not accurate but then again, why let the facts get in the way of a good story? The inconvenient truth is – surprise, surprise – we have never said that there are no problems at Lotus.

So whilst lots of people obviously feel the need to comment on Lotus’ current situation in the absence of proper facts or evidence, we can’t ignore these particular mistruths any longer even if we would like to, so we have decided to turn a negative into a positive and use this hilarious piece of ‘art’ to set the record straight regarding the status quo at Group Lotus and try to return a little stability to a fast changing situation.

False rumour #1: Dany Bahar is no longer CEO of Group Lotus.
Fact: Rubbish – Dany Bahar still is.

False rumour #2: Dato’ Sri Syed is no longer Managing Director of Proton.
Fact: Again rubbish. He still is.

You can thank good old Tony Fernandes for these two. Don’t take everything he tweets too seriously – perhaps he’s still frustrated about owning Caterham instead of Lotus and the fact that he fights HRT and Marussia instead of Mercedes and Ferrari in F1.

And whilst we’re on the subject of jokes - do you know the latest F1 joke? Mike Gascoyne, Caterham Group’s Chief Technical Officer, has gone missing. Why? He’s looking for the 30 to 40 points he predicted for the last F1 season. Funny.

Speaking of F1: It seems that one special so called ‘independent’ source is at the root of the lion’s share of damaging rumours and misleading stories. The delightful Joe Saward which leads us nicely to….

False rumour #3: Joe Saward is JUST an independent journalist.
Fact: He is an active Director for the Caterham Group.

And unlike some, we don’t want to get too personal, so we’ll leave it to you to judge how ‘independent’ his stories about Lotus are.

False rumour #4: Group Lotus is no longer involved in F1.
Fact: Lotus F1 Team and Group Lotus have reshaped their commercial relationship earlier this year. The new governance agreement signifies the continued commitment of Group Lotus to the team and the sport.

Group Lotus’ branding and marketing rights and subsequent activities remain unaffected by the new agreement until at least 2017. Alongside continued branding and title partnership status, Group Lotus is also the exclusive master licensee for all Lotus F1 Team merchandise.

The new agreement was reached following Group Lotus owners Proton providing team owners Genii with a £30m loan which is repayable within three years. In order to secure the loan Genii used 100% of the F1 team’s assets as collateral meaning that under the conditions of the loan agreement Proton have been given full title guarantee to all plant, machinery, show cars, computers, office and the Lotus F1 Team headquarters.

In addition Proton retains the rights to purchase 10% of the F1 team. Another 10% share option will be activated if the team default on their loan obligations with Proton.

Again we leave it to your judgement how ‘bad’ Lotus’ current situation in F1 is. And speaking of bad situations…..


False rumour #5: Group Lotus is going into administration.
Fact: Rubbish. The takeover of our parent company Proton by DRB-HICOM couldn’t have come at a worse time, but up until that point Proton was (and still remains) fully committed to our five year business plan to create jobs and to expand the factory and business. With the takeover process the funding has been restricted and DRB-HICOM is taking time to understand what to do with the business. DRB-HICOM is currently in the middle of due diligence of Group Lotus and there have been and continue to be positive discussions between Group Lotus senior management and senior management at DRB-HICOM both here in Hethel and in Malaysia. At no point has DRB-HICOM indicated to Group Lotus that it intends to put the company into administration. The over-active rumour mill is seriously damaging our business reputation, image and credibility but it is what it is.

The simple fact is, and we haven’t denied this - Lotus is going through a very difficult phase at the moment but we are showing true fighting spirit every day in trying to keep this vision alive. This is also a fact – no matter what people outside of Lotus may say or tweet or blog.
Attached Images
File Type: jpg atte0174.jpg (44.1 KB, 91 views)
__________________
If you should see a man walking down a crowded street talking aloud to himself, don't run in the opposite direction, but run towards him, because he's a poet. You have nothing to fear from the poet - but the truth.

(Ted Joans)
Reply With Quote
  #2  
Old 04-11-2012, 10:34 AM
RacingManiac's Avatar
RacingManiac RacingManiac is offline
Fanatic
 
Join Date: Apr 2003
Posts: 5,457
Good read...certain sounds like even though the naming thing between the 2 Lotus has concluded, there are no shortage of bad blood or ill-feeling between the 2....

Still doesn't change the issue that Lotus might be somewhat misguided in their future product lineup though....or the current multitude of branding exercise, or the debacle of the shortage for Indy Car engine....
__________________
University of Toronto Formula SAE Alumni 2003-2007
Formula Student Championship 2003, 2005, 2006
www.fsae.utoronto.ca
Reply With Quote
  #3  
Old 04-11-2012, 11:46 AM
demonrunning07 demonrunning07 is offline
Rookie
 
Join Date: Sep 2008
Posts: 317
where the oranges grow
Quote:
Lotus is going through a very difficult phase at the moment but we are showing true fighting spirit every day in trying to keep this vision alive.
The only way that Dany Bahar has not done to kill Lotus's "vision" would be to build an SUV (better not give him any ideas, though).

He is personally responsible for producing some of the heaviest and ugliest sportscars of which the company has ever conceived. And the company's racing efforts are a sick, sad little joke. Colin Chapman is rolling over in his grave.

But to paraphrase Dany Bahar's words, he is finally making Lotus profitable, something Colin Chapman could never do.

HA!

I apologize but this is something that I am pretty passionate about.
Reply With Quote
  #4  
Old 04-11-2012, 11:58 PM
Badsight Badsight is offline
Rookie
 
Join Date: Jul 2005
Posts: 436
N.Z.
same-o & bland , but i wouldnt go so far as to say ugly
Reply With Quote
  #5  
Old 04-12-2012, 02:39 AM
Brix's Avatar
Brix Brix is offline
Rookie
 
Join Date: Aug 2004
Posts: 440
This so called "press release" is a joke.
I never though that the take over was a good thing, but this press release just nails how bad things actually is.
If you as an company need to communicate in these manors, then there is some serious issues with in the company.
__________________
Also known as:
CTD and CrashTestDummy
Reply With Quote
  #6  
Old 04-12-2012, 06:24 AM
pimento's Avatar
pimento pimento is offline
It is one.
 
Join Date: Jan 2004
Posts: 6,261
Sydney, Australia
Send a message via MSN to pimento
This is the follow up from the author of the picture that sparked this press release.
__________________
Life's too short to drive bad cars.
Reply With Quote
  #7  
Old 04-13-2012, 11:33 AM
demonrunning07 demonrunning07 is offline
Rookie
 
Join Date: Sep 2008
Posts: 317
where the oranges grow
I realize it is a joke. I just reminds me of my disdain for Dany Bahar.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Top fuel dragster facts.. clutch-monkey Miscellaneous 15 03-31-2010 11:52 PM
The GOOD and the BAD SlickHolden General Automotive 33 06-08-2005 11:51 PM
What is a good laptop to get? CdocZ Miscellaneous 20 03-15-2005 02:59 PM



All times are GMT -7. The time now is 12:58 AM.

 

© 1998 - 2014 Ultimatecarpage.com