Autosport has posted an article this morning in which Proton have denied rumours that Genii Capital, majority shareholder of the Lotus sponsored Lotus Renault GP team, are looking to invest in Lotus, potentially to the extent of a majority shareholding.

On Thursday, however, Proton said the reports were “untrue and highly speculative”, and that it had no plans to make a deal with Genii Capital.

“Proton hereby states that the alleged moves between Group Lotus and Genii Capital are untrue and that the reports are highly speculative in nature,” Proton said in a statement.

“Proton’s relationship with Group Lotus is as good as it has ever been. Our priority now is to ensure that the Lotus Business Turnaround Plan is executed according to schedule and that both parties are committed to its success.

You can find out more on the subject on the Autosport Website, or have your say on the announcement in our forums.

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