Archive for December, 2010
Join GGLC Sponsor Dietsch Werks on Dec 15th for a Holiday Party benefiting Toys for Tots!
Dietsch Werks and many other businesses located inside Club Auto Sport will be decking the drive isles with cars and holleys!
Exotic cars, cocktails, holiday treats and decor will be plentiful so stop by after work, share a toast and help us help the Marines in their quest to make this Holiday Season a memorable one for kids who need it the most.
Group Lotus plc and Genii Capital are pleased to announce a partnership which will see the Renault F1 Team renamed as ‘Lotus Renault GP’ from the start of the 2011 racing season onwards. The association heralds the return of a highly successful Formula 1™ association between Lotus and Renault from the 1980s. Lotus’ racing pedigree and heritage coupled with Renault’s technology in Formula 1™ will set the united team on a path to future success.
Group Lotus plc will acquire a major equity stake in the team from Genii Capital. The transaction represents a partnership between Group Lotus and Genii Capital and signifies the beginning of a more comprehensive strategic alliance between the two organisations.
The partnership between Lotus and Genii brings the ability to quickly incorporate new technologies from F1™ cars into Lotus road cars including hybrid technology, Kinetic Energy Recovery Systems (KERS), aero advancements and lightweight materials. Genii, an investment holding company with a portfolio of automotive technologies, bring non-F1™ technologies such as lightweight braking systems, variable compression engine technology and on board software systems to the partnership.
Group Lotus CEO Dany Bahar said: “I can think of no better platform for automotive brand communications than motorsport and F1™. We’re well aware that there has been a lot of controversy around the usage of our brand in F1™ and I’m delighted to be able to formally clarify our position: We are Lotus, and we are back.”
Dato’ Sri Mohd Nadzmi Mohd Salleh, Chairman of Proton, Lotus majority shareholder, said: “We know that Group Lotus has much to offer Formula 1™ and vice versa. After careful consideration, we believe this arrangement will be fruitful, both from a commercial and marketing point of view.”
Tun Dr Mahathir Mohamad, Proton advisor and former Prime Minister of Malaysia, said: “This is an exciting development which delivers strategic benefits to both Group Lotus and Proton. I fully support the partnership.”
Carlos Ghosn, Chairman and CEO of Renault, commented: “This multi-partner alliance will bring a new dynamic to the team and enable it to compete with the sport’s best from next season.”
In addition to this, Genii is also offering Proton the ability to leverage on its existing business relationships in Russia and other parts of the world, as a means to expand Proton’s global reach. Through Genii, Proton can also potentially access advanced automotive technologies by virtue of Genii’s association with Mangrove, a venture capital group.
Gerard Lopez, founding partner of Genii Capital, said: “For Group Lotus, access to Formula 1™ opens up new marketing opportunities and a major platform for business exchanges and development. In this regard, Genii Capital possesses shareholdings in, and direct access to, cutting edge companies in the automotive industry. Our tie-up with Group Lotus and Proton, which will enable its future road car ranges to take advantage of significant new technologies, is a natural step.”
With an unrivaled pedigree in the automotive industry, Karl-Heinz Kalbfell makes a welcome addition to the Group Lotus management team. Based at the Lotus headquarters in Hethel, Kalbfell, formerly of the BMW Group, will provide operational support and advise Group Lotus Chief Executive Officer Dany Bahar on the most efficient delivery of the business plan.
In addition to Kalbfell, Lotus has appointed Guillaume Chabin as Director of Sales. Chabin held senior positions at Ferrari and prior to this he was involved in the re-launch of Bentley.
Commenting on the appointments, Group Lotus CEO Dany Bahar said: “We are very pleased to have both Karl-Heinz and Guillaume on board. One of the keys to the success of any business is having exceptionally talented people working together effectively, and Karl-Heinz has incredible experience from working in extremely senior positions throughout the automotive industry to bring to the table – he has proven time and time again to have the qualities necessary to succeed in a difficult and fickle industry. His main role initially will be to bring together all our existing efforts across the departments and ensure that we are working effectively as a united force. It’s not enough to have a great business plan on paper, we need to deliver, Karl-Heinz will play a crucial role in making this happen.”
“Having worked with Guillaume previously, I’m fully aware of his capabilities – his business skills and understanding of the vision we have for Lotus complement our existing management line-up perfectly.”
Karl-Heinz Kalbfell said: “I’ve been aware of Lotus over the years and like many in the industry, I have watched with growing interest as Lotus has developed under Dany Bahar and his team. It’s not often that you get the opportunity to work with such an iconic automotive brand at such an exciting stage of its development and I really feel that now is the perfect time for me to contribute towards the future of Lotus. I have many years and some very demanding positions under my belt which allow me a lot of experience to draw upon. I’m ready for all the challenges that Lotus will bring.”
Commenting on his new role, Guillaume Chabin, Director of Sales for Lotus Cars, said: “Joining Lotus was an easy decision for me to make – having previously been involved in the re-birth of an iconic British brand when I was working at Bentley, I know the challenges and opportunities that lie ahead – this is a crucial time for Lotus and I’m very happy to be on board.”