It's all to do with the sale of Proton. All the plans that Danyy Bahr had for Lotus (including all their new models, there F1 involvement, and all their other motorsport involvement) that were given the green light by Proton 2 years ago are now being reviewed by the new owners with absolutely no guarantee that all or any of the plans will he allowed to continue. Clearly that's a risk Genii are not willing to wait around for.
we all knew Danny Bahrs plans were a bit to far, and it seems the new owners think that too.