ramjet Posted September 12, 2018 Report Share Posted September 12, 2018 You would sort of think that at the level he was employed at, he would know whether this was likely? If JMG replaced Hood (former owner in the article), what position was JMG? Quote All we know is that when they stop making this, we will be properly, properly sad.Jeremy Clarkson on the Esprit. Opinions are like armpits. Everyone has them, some just stink more than others. For forum issues, please contact one of us Moderators. Link to comment Share on other sites More sharing options...
Gold FFM C8RKH Posted September 12, 2018 Gold FFM Report Share Posted September 12, 2018 The business is till trading and is still operating and there is nothing to suggest that people are not being paid. The issue seems to be the liabilities around the potential fraud claim and so the company has voluntarily gone into liquidation whilst still trading, so a going concern, to attract/seek new investors. So, it's a "protection" and refinancing operation as opposed to a winding down petition were the company would cease to trade and assets would be sold off. They'll be trying to carve out the liabilities from any court case against the previous directors to protect the trading arm to continue. if you ask me sounds like JMG has a full time job on his hands to keep it going whilst his contacts in the industry could prove invaluable to identify new investors or owners, his reputation as a straight dealing cost cutter would be attractive if he was to stay at the helm during the subsequent recovery. I wish him well. He did what he thought he needed to do to keep lotus alive. he's a car man. And ultimately lotus has ended up with what could turn out to be its best parent ever. Why the seeming hate? 2 Quote I came into this world screaming and covered in someone elses blood. I'll probably leave it in the same way. Link to comment Share on other sites More sharing options...
LotusLeftLotusRight Posted September 12, 2018 Report Share Posted September 12, 2018 No hate, just incredulity! Quote Link to comment Share on other sites More sharing options...
ramjet Posted September 12, 2018 Report Share Posted September 12, 2018 I am not insinuating anything either. I just would not have thought a position like that a viable option. I'm only asking questions from a position of understanding. I'm done asking now though. Quote All we know is that when they stop making this, we will be properly, properly sad.Jeremy Clarkson on the Esprit. Opinions are like armpits. Everyone has them, some just stink more than others. For forum issues, please contact one of us Moderators. Link to comment Share on other sites More sharing options...
hedgerley Posted September 12, 2018 Report Share Posted September 12, 2018 Given that in all likelihood Lotus at 70 would not be happening if JMG had not been in post for the last four years, I wonder if he's been invited? Quote Link to comment Share on other sites More sharing options...
yeller77 Posted September 12, 2018 Report Share Posted September 12, 2018 This kind of thing doesn't tend to come out of the blue. Perhaps JMG being a money man was brought in to to weather the storm and right the ship. (that's it for my nautical references) His success at Lotus is good on his resume'. 1 Quote Link to comment Share on other sites More sharing options...
pete Posted September 12, 2018 Report Share Posted September 12, 2018 On 11/09/2018 at 15:43, Geoffers said: Was interesting that JD Classics & their driver Chris Ward were totally absent from Goodwood Revival at the weekend. JD Classics have previously been one of the sponsors of the event & regular competitors. A few of their cars were in the auction Quote hindsight: the science that is never wrong Link to comment Share on other sites More sharing options...
KAS-118 Posted September 19, 2018 Report Share Posted September 19, 2018 I see a buyer has been found for JD Classics https://www.autocar.co.uk/car-news/new-cars/buyer-found-classic-car-firm-jd-classics Quote Link to comment Share on other sites More sharing options...
LotusLeftLotusRight Posted September 19, 2018 Report Share Posted September 19, 2018 Jean Marc Gales is the Alastair Campbell of the automotive world: he always spins everything out to be a good deal better than it really is. It's hardly business as normal for JD Classics now, is it? Quote Link to comment Share on other sites More sharing options...
KAS-118 Posted October 11, 2018 Report Share Posted October 11, 2018 Now called Woodham Mortimer and going to focus on classic restoration and historic racing https://www.autocar.co.uk/car-news/industry/classic-car-firm-woodham-mortimer-formerly-jd-classics-focus-restoration-and Quote Link to comment Share on other sites More sharing options...
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