Filed under: Government/Legal, Hirings/Firings/Layoffs, Lotus, UK
Five years after it began, it appears the Dany Bahar tenure at Lotus is finally over. After former Lotus owner Proton brought in the ex-Ferrari and Red Bull marketing savant to run the company in 2009, everything had gone pear-shaped by 2012: Proton had been sold to Malaysian auto supplier DRB-Hicom, who suspended Bahar and then fired him for what it said were expense-account transgressions (although Bob Lutz reportedly said something different).
The separation led to the expected suit and countersuit, Lotus going after Bahar to get its money back, Bahar filing a $10.6-million suit againt Lotus for wrongful termination and potential bonus money. The case was set to go to trial next month but both parties have settled, the terms undisclosed, a DRB-Hicom statement saying only that “the parties involved in the legal suit have signed a Settlement Agreement and Release… and have agreed to withdraw their claims against each other.”
Now that that bit of housecleaning is all cleared up, can new CEO Jean-Marc Gales please get our Esprit?
Lotus settles with ex-CEO Dany Bahar, avoids London High Court originally appeared on Autoblog on Sun, 25 May 2014 12:05:00 EST. Please see our terms for use of feeds.
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