Ah, meet Proton's new Big Boss!

The Latest Mr Ibrahim

Mr Ibrahim. Not as illustrious as Anwar Ibrahim or Khalid Ibrahim but which is just a teenager set-back for Mr Ibrahim, a male who sits upon Proton's throne. What is critical is which with Syed Zainalout of a approach (his last day upon Thursday) as well as Dany Bahar mysteriously suspended, Lukman Ibrahim is effectively a male who will be job a shots during Proton AND Lotus. Dato' Sri Haji Mohd Khamil Jamil (do they have to spell out all his titles every time - see a press recover next - ?) won't have a time as he's got DRB-Hicom to run. Lukman has Dato's Sri Haji Mohd Khamil's opinion but everyone tells me he will need some-more than which to have things work during a national automobile ...

In a meant time, large shit is starting to hit a fan!

Some200mworth of shit (see my Feb posting upon a Six Million Ringgit Man). Questions, questions, questions:-Who allocated Dany Bahar? Who managed him all this time? Why was no finance male from Proton placed in Lotus? Why was there no procurement male from Proton placed in Lotus? Why was there no engineering examination upon a project? Didn't Syed Zainal oldster Dany boy? If he did not, why? What happened to a Proton examination committee? Nomination committee? Internal audit?

At slightest Dany Bahar as well as a brand new Proton owners determine upon a single thing, though:- Dany Bahar pronounced Proton should not sell Lotus and, in this ultimate press release, Prot! on says it has no intention of offered Lotus.

PROTON NOT SELLING LOTUS

Confirms Dany Bahars suspension

Subang Jaya, twenty-eight May 2012 -Following a number of media queries, PROTON Holdings Berhad (PROTON) currently reliable that, following an operational review, Chief Executive Officer of Group Lotus plc, Dany Bahar has been at a moment suspended from his role to facilitate an investigation into a censure about his control made by Lotus penultimate parent company, DRB-HICOM Berhad.

In Mr Bahars absence, Dato Lukman Ibrahim, Mr Mohd Khalid Yusof as well as Mr Aslam Farikullah (representatives of Lotus parent companies) have been certified by Group Lotus plcs board to handle as well as control a day-to-day management as well as affairs of a Lotus Group. They will be assisted by Mr Rusman Zaihan. They have been certified to take up these duties during a cessation period.

PROTON currently additionally reiterated which its land association DRB-HICOM Berhad (DRB-HICOM) is not offered Lotus, a wholly-owned subsidiary of PROTON, despite a new media reports upon conjecture as well as rumours coming from dangerous sources upon a purported vigilant to sell.

According to Executive Chairman of PROTON Dato Sri Haji Mohd Khamil Jamil, We admit which Lotus can yield worth to PROTON. Lotus is an iconic brand with global presence as well as positioning, joined with unrivalled engineering expertise as well as a talented workforce.

Earlier this month, Dato Sri Haji Mohd Khamil visited Lotus comforts during Hethel in Norfolk, UK. In as well as with a visit, Dato Sri Haji Mohd Khamil additionally had construc! tive mee tings with South Norfolk MP Mr Richard Bacon as well as British Business Secretary, Mr Vince Cable. Commenting upon a meetings, Dato Sri Haji Mohd Khamil said, They were both very understanding of our views as well as developments with regard to a future skeleton for Lotus. And successive to a meetings, a British Government has agreed to consider reactivating a 10 million Regional Growth Fund pledge to await Lotuss car development skeleton in Norfolk.

According to Dato Sri Haji Mohd Khamil, Both PROTON as well as DRB-HICOM will go upon to examination a existent commercial operation skeleton as well as monetary position of Lotus in taking Lotus forward in a immediate- to medium-term. DRB-HICOM has sent in a group comprising internal as well as international consultants to Lotus from March 2012 to control an operations as well as legal examination upon Lotus group of companies.

The need for this examination is especially pertinent in light of a existent monetary requisite of Lotus in a form of a 270 million syndicated loan taken during a end of 2010, for which PROTON has given its corporate guarantee.