They seem to have sorted their engines out nowadays so we can use the acronym to describe the wranglings going on in their F1 ambitions instead.
Last month, I gave my take on how I understood the sitiuation to be.
Today, the BBC business department have kindly clarified things.

But this is a big gamble for Lotus and I think he's missing a serious trick by getting involved in F1. It will be bloody expensive and it will be linking Lotus with Renault - another Company who have had vehicle reliability issues in the past.
By leaving Tony Fernandes to continue with his plans, Lotus get a load of free publicity (albeit with a less successful and less attractive car) - expensive Court time and bad publicity are avoided and there is a lot more cash available to keep the road car business going while the new models are introduced.
Oops, I've just noticed that I've accidentally put up a picture of Dany Behr - silly me! Here's Dany Bahar:

Oh well - third time lucky:

That's better.
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