Lotus News Article

Group Lotus PLC is not being liquidated

Monday, March 18, 2013 - 15:45
Contrary to rumours initiated by Autocar magazine, Lotus is not being liquidated.

Earlier this year, Lotus was in a contractual dispute which was resolved amicably a number of weeks ago. However the High Court process meant that the matter was still shown on the High Court website, as there was a hearing scheduled for today. This is what appears to have been seen and misunderstood.

The case was only listed for the proceedings to be disposed of.

The claim has now been dismissed with no order as to costs.