In todays EDGE publication, space is given to the Lotus business plan. The funding is coming largely from bank loans.
In terms of financing for the Lotus project, Syed Zainal said the over-£300 million capital expenditure would be 80% funded by borrowings from local and international banks.
I must say I hope it works. One of the main reasons Lotus was bought was technology transfer.
This was not mentioned. I assume Tony Fernandes will do this under the TEAM LOTUS banner.
Group Lotus had the chance to set up in SepangF1.
Tony Fernandes will be successful, I wish him well.
According to the EDGE the new divisions will be:
Group restructuring and consolidation
The Lotus project is part of Proton’s group restructuring plan to create four core operating units that are each a profit centre, to be modelled after the Petronas group organisational structure.
The four core units are Lotus sports car division, Proton-Lotus engineering division, Proton manufacturing division and Proton distribution division. It is learnt that a restructuring plan is due for implementation next year.
This is based on the Petronas structure.
Petronas were asked to set up a University. That is now in existence. It has formed a partnership with TEAM LOTUS in Sepang, as has UTM.
Lotus gave the land to Hethel engineering centre, which is based on its site. This actively works with Lotus to educate people in the local area.
Group Lotus (and by default Proton) have never tried to replicate this Educational facility/technical assembly area/ track model in Malaysia.
Whilst it ticks all the boxes in the UK it is considered a no go in Malaysia. ODD.
Perhaps someone within Lotus / Proton should look at both the Lotus UK site and the Petronas educational initiative.
Check out my wesite for some ideas... http://motorsportuniversitymalaysia.com/
As an aside Fiat have lost there deal for supplying learner cars to BSM (British school of Motoring).
Here is a quote from the Mirror.
DRIVING school giant BSM has been forced into a U-turn after instructors gave its new Fiat 500 a thumbs down.
Instructors preferred the Corsa’s larger size, five doors and steel wheels, which cannot be scuffed like alloys.
The deal is a boost for Vauxhall, with studies showing 70% of drivers buy the make of car they learned in.
Proton are trying to become the Learners choice. They will give instructors special deals.
Shame they can't bring this same philosophy to education in general.