BusinessCorporate FinanceLotus owners call in KPMG for review process

Lotus owners call in KPMG for review process

MP Richard Bacon claims the car-maker is being lined up for a sale, denied by its owners

Lotus owners call in KPMG for review process

ADVISORS have been called in help the owners of Lotus look into the car-maker’s possible sale.

KPMG has been hired by Lotus’ Malaysian owner DRB-Hicom, said local MP Richard Bacon in the House of Commons on Tuesday, reports the Telegraph.

Lotus said that some of the facts within Bacon’s comments were “innacurate”.

DRB-Hicom took over Lotus’ parent company Proton earlier this year.

Related Articles

KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

9m Stephanie Wix, Writer
PwC scoops Rolls-Royce audit as tender results pile up

Accounting Firms PwC scoops Rolls-Royce audit as tender results pile up

10m Stephanie Wix, Writer
Legal and General lines up KPMG as external auditor

Accounting Firms Legal and General lines up KPMG as external auditor

10m Stephanie Wix, Writer
FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset rules

Accounting Firms FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset rules

2y Chris Warmoll, Writer
Taking Stock: BG/Royal Dutch deal will see Big Four fees scramble

Audit Taking Stock: BG/Royal Dutch deal will see Big Four fees scramble

3y Taking Stock
Autumn Statement: “Consistency” in the light of Brexit

Corporate Finance Autumn Statement: “Consistency” in the light of Brexit

11m Stephanie Wix, Writer
KPMG agrees deal with debt crowdfunding platform InvestDen

Accounting Firms KPMG agrees deal with debt crowdfunding platform InvestDen

2y Richard Crump, Writer
KPMG ‘commits’ to alternative finance with MarketInvoice tie-up

Accounting Firms KPMG ‘commits’ to alternative finance with MarketInvoice tie-up

2y Calum Fuller, Reporter