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

New generation Audi A7 will be unveiled on October 19New generation Audi A7 will be unveiled on October 19
Audi has published the first teaser picture of the upcoming A7 model. The new 5-door coupe model will be officially unveiled on October 19 during a special ...

Concept Cars

2018 GMC Sierra 2500HD All Mountain concept revealed2018 GMC Sierra 2500HD All Mountain concept revealed
If you are producing a pick-up, then you have to create all kind of accessories that will make the truck be usable also in winter season. GMC understood ...

Custom Cars

McLaren Satin Black Gold created by MSOMcLaren Satin Black Gold created by MSO
McLaren tries to attract more clients from the Orient, so it decided to make a good impression at this year Dubai Motor Show. A unique McLaren 720S supercar ...

Future Cars

Volkswagen I.D. Buzz confirmed for productionVolkswagen I.D. Buzz confirmed for production
Volkswagen is decided to be one of the leaders in reducing its emissions in the future years. After the Dieselgate scandal, this is the right thing to ...

Market News

Lamborghini Huracan and Aventador reach new milestonesLamborghini Huracan and Aventador reach new milestones
The Gallardo was Lamborghini's most succesful model yet, with sales surpassing 14.000 units in ten years of production. The record is set to be broken ...

Gadgets

Volvo to provide autonomous cars to UberVolvo to provide autonomous cars to Uber
We are getting closer to the moment when taxi's will no longer be driven by humans. The taxi companies will use autonomous vehicles for clients. Uber ...

Various News

Opel Crossland X is now available with factory-fitted LPGOpel Crossland X is now available with factory-fitted LPG
Opel has decided to put an interesting powertrain under the hood of the Crossland X. The model can be ordered with a factory-fitted LPG. Under the hood ...

Motorsports

Volkswagen Polo GTI R5 - official pictures and detailsVolkswagen Polo GTI R5 - official pictures and details
Volkswagen has officially unveiled the 2018 Polo GTI R5. The new model is designed to compete in the WRC2 and national and regional rally championships. ...

Videos

BMW 8 Series Concept has a breathtaking promoBMW 8 Series Concept has a breathtaking promo
BMW has published the first promo video for the new BMW 8 Series Concept. The prototype was showcased durnig the Concorso d'Eleganta Villa d'Este and ...