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Lotus & Daewoo

To: mgs@autox.team.net
Subject: Lotus & Daewoo
From: Ian Haydock <HAYDOCKI@lib.bham.ac.uk>
Date: Thu, 23 May 1996 13:19:52 GMT
>
> I seem to remember reading in a recent 'Autocar' magazine, that Lotus is now
> owned by Daewoo.
> 
>                 David
  
  Not yet! Lotus was put on the market by the former owner of Bugatti 
(whose name escapes me). There were negotiations for a takeover by 
Daewoo which foundered a couple of weeks ago. The rumour is that
some of the big Western car manufacturers saw the purchase as a threat
(Lotus does a lot of secret development work for a number of 
companies) and did their best to put the brakes on. However none of
them has come forward with a firm rescue proposal, so 
Daewoo remains a possibility.

                                             Ian





            ********************************

    Ian Haydock                  Library Systems Officer (EIS) 
             University of Birmingham   
    Tel.0121 414 5848        Fax. 0121 471 4691
    I.Haydock@bham.ac.uk  http://sun1.bham.ac.uk/I.Haydock



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