Find or Sell any Parts for Your Vehicle in USA

Dany Bahar wants £6.7 million compensation from Lotus

Tue, 28 Aug 2012 00:00:00 -0700

The Dany Bahar saga at Lotus continues with Bahar claiming £6.7 million compensation for his firing as Lotus CEO.

Back in May, ex-Ferrari man Dany Bahar was ousted as CEO of Lotus, confirmed a month later by Lotus parent DBR-Hicom who appointed Aslam Farikullah – an engineer, not a marketing man – to oversee a way forward for Lotus, and just last week Lotus put Bahar’s custom Esprit up for sale.

But that appears not to be the end of dealings between DBR-Hicom and Bahar as Bahar has issued proceedings against his former employers seeking compensation of £6.7 million for wrongful dismissal.

DBR-Hicom revealed the law suit in a filing with the stock exchange and says it will vigorously defend Bahar’s action and believes it acted properly when it decided to get rid of Bahar and his grandiose plans and will file a counter claim against Bahar.

Dany Bahar’s Lotus Concept Car Photos >

The speculation surrounding Bahar’s dismissal from his role at Lotus centered around his apparent lavish spending and unrealistic plans for the future of Lotus, but no reasons have so far been officially revealed for the dismissal.

But with a court battle in the offing we’re all going to find out exactly what was at the root of the Bahar Lotus fallout.


By Cars UK