Norfolk sports car firm’s parent company reaches an out-of-court settlement with former chief executive
Lotus’s parent company, DRB-HICOM, and the company’s former boss, Dany Bahar, have agreed to drop their claims against one another — without disclosing any financial terms — one month before the actions were due to be heard by the High Court in London.
Malaysian-based DRB informed its home stock exchange of the deal last week.
Lotus’s parent firm