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

Skoda Vision X Concept unveiledSkoda Vision X Concept unveiled
SKODA will use this year Geneva Motor Show to present us another concept that envisions its future. The Czech car manufacturer is presenting an outlook ...

Custom Cars

Rolls Royce Privacy Suite introduced in ChinaRolls Royce Privacy Suite introduced in China
Rolls Royce builds the most luxurious cars on the plant. We all know that. In order to provide also the isolation feel some of its clients needs, Rolls ...

Future Cars

Mercedes-Benz Vans launches the Vision URBANETIC conceptMercedes-Benz Vans launches the Vision URBANETIC concept
Mercedes is more and more into autonomous cars and is developing new technologies, fot the moment only at a concept stage. So is the Vision URBANETIC, ...

Market News

Current Seat Leon, best sold generation everCurrent Seat Leon, best sold generation ever
On the edge of bankruptcy just five years ago, Seat is now booming and enjoys good sales. The current generation Leon is one of the cars that helped Seat ...

Gadgets

BMW Intelligent Personal Assistant available starting 2019BMW Intelligent Personal Assistant available starting 2019
BMW is ready to follow Mercedes in personal assistance technology. After the Stuttgart-based manufacturer launched the Hey Mercedes assistant, now BMW ...

Various News

Mercedes-Benz X-Class will be available in the upcoming video game The Crew 2Mercedes-Benz X-Class will be available in the upcoming video game The Crew 2
The guys from Ubisoft have had some interesting plans with the new Mercedes-Benz X-Class. The first pick-up truck in the premium segment will be part ...

Motorsports

BMW M235i Racing Cup gains Evo Pack and becomes M240i Racing CupBMW M235i Racing Cup gains Evo Pack and becomes M240i Racing Cup
A few years ago BMW has launch a special program for the VLN Endurance Championship at the Nürburgring. The German car manufacturer designed the a special ...

Videos

Here is the Bugatti Veyron Vitesse WRC doing some fast stuff in off-roadHere is the Bugatti Veyron Vitesse WRC doing some fast stuff in off-road
A few year ago, Bugatti launched a special edition Veyron. Its name was Veyron Vitesse WRC but the WRC doesn't stand for World Rally Championship. Instead, ...