Lotus withdraws from the 2013 Paris Auto Show

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According to Car and Driver Magazine, the English automaker has pulled out of next September’s Auto show. With the recent firing of CEO Dany Bahar in June, the financially-struggling company has stalled vehicle development for two months now.

Lotus has been on a downward spiral since presenting 5 concept cars in 2010, namely because of its involvement in IndyCar and Formula 1, though the company has seen some success with Formula 1 drivers Kimi Raikkonen and Romain Grosjean.

Source: Car And Driver