Lotus chief executive Dany Bahar is planning for the company to return to profitability by 2015 and has admitted that the company’s new owners have not yet committed to its model replacement programme.

Lotus’ parent company Proton was sold to Malaysian business conglomerate DRB-Hicom but Bahar told AM-sister title CAR magazine that the business is not facing administration.

He told CAR: “'They still need to understand whether the plan which we started two years ago is something they want to support, or modify it… all we can do is to show what we have done in the last two years and that’s it, that’s all we can do. It’s not up to me to discuss shareholder matters.”

To read the full interview head to the CAR website.