Home » News » Lotus » Lotus is now part of Geely

Lotus is now part of Geely

Lotus has now became part of Gely. The Chinese brand payed 65 million USD for the British sports car manufacturer. Now, Geely has a 51-percent stake in the firm while the guys from Etika Automotive controls the remaining 49 percent.

As a result, the Daniel Donghui Li, Geely's Chief Financial Officer has become the new chiarman of the British company. Also two other top Geely execs are on the five-member board of Lotus. 

Lotus is now part of Geely
“We are producing the best cars in the company’s history and are currently developing next generation of sports luxury vehicles which will continue to demonstrate the Lotus brand values of class-leading vehicle dynamics, light weighting, styling and aerodynamics by leveraging Geely Holding’s global strengths and resources”, said Jean-Marc Gales, Lotus CEO. 

This strategy was also used when Geely acquiered Volvo. The British car manufacturer will still have a level of autonomy in developing sports cars but there will use the Geely's bank account. 

Related Articles

Leave a Comment

Fields marked with * are required
Name *:
Email *:
Comment *:
Code *:
  CAPTCHA
  • Email
  • YouTube
  • RSS
  • Twitter
  • facebook
  • feedburner

Related Specs

  1. 1996 Lotus Elise

    Engine: Inline 4, Power: 89.5 kw / 120.0 bhp @ 5500 rpm, Torque: nm / 122 ft lbs @ 3000 rpm
  2. 2004 Lotus Elise 111R

    Engine: Toyota Celica GT-S 2ZZ-GE Straight 4, Power: 140.9 kw / 189 bhp @ 7600 rpm, Torque: 180 nm / 132.8 ft lbs @ 6800 rpm
  3. 2000 Lotus Elise 111S

    Engine: Rover K-series Inline-4, Power: 91.0 kw / 122.0 bhp @ 5500 rpm, Torque: 168 nm / 123.9 ft lbs @ 4500 rpm
  4. 2003 Lotus Elise 135R

    Engine: Rover K-Series Inline-4, Power: 100.7 kw / 135 bhp @ 6250 rpm, Torque: 171 nm / 126.1 ft lbs @ 4800 rpm
  5. 1999 Lotus Elise 49

    Engine: Inline-4, Power: 88.0 kw / 118 bhp @ 5500 rpm, Torque: 223.71 nm / 165.0 ft lbs @ 3000 rpm

New Vehicles

Hyundai i30 N Line starts at £21,255 in UKHyundai i30 N Line starts at £21,255 in UK
After a long wait, Hyundai is finally making the most of its new N Performance division. The South-Korean manufacturer has officially announced the pricing ...

Concept Cars

BMW Vision M Next shows us the future of the M modelsBMW Vision M Next shows us the future of the M models
BMW unveiled the all-new Vision M Next concept car. Developed as a preview for the upcoming M models, the new prototype was showcased during the #NEXTGen ...

Custom Cars

ABT Cupra Ateca offers more powerABT Cupra Ateca offers more power
Just introduced on the market during this fall, the new Cupra Ateca already benefits from a tuning package created by a german tuner. It is well known ...

Future Cars

Bentley to unveil a special model this JulyBentley to unveil a special model this July
Bentley is celebrating with style its 100th anniversary. Not only it will take by storm the Goodwood Festival of Speed, but also reveal the future of ...

Market News

General Motor restructuring process detailedGeneral Motor restructuring process detailed
General Motors needs some restructuring in order to move forward and continue to be profitable. The North-American giant will improve overall business ...

Gadgets

Volvo and Uber launch their self-driving carVolvo and Uber launch their self-driving car
Volvo is one step ahead when it comes to self-driving cars. The most recent announcement demonstrates this. Together with Uber, the leading ride-hailing ...

Various News

Aston Martin Valkyrie - first public demo run at SilverstoneAston Martin Valkyrie - first public demo run at Silverstone
Aston Martin Valkyrie is one of the most impressive hypercars which are still on the development. All the units which will be produced are already ordered ...

Motorsports

Mercedes-AMG GT3 unveiled with some updatesMercedes-AMG GT3 unveiled with some updates
A few months ago, Mercedes unveiled the revised Mercedes-AMG coupe model. Now, the racing division has prepared some updates for the current version. ...

Videos

Enjoy the sound of the new Porsche 911 GT3Enjoy the sound of the new Porsche 911 GT3
The new generation Porsche 911 was launched at the end of last year, but customers can order only two versions Carrera S and Carrera 4S. ...