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

Volkswagen Touareg drove 16.500 kilometers to its world debutVolkswagen Touareg drove 16.500 kilometers to its world debut
To mark its world debut in Beijing, during the motor show, Volkswagen Touareg decided to drive an impressive distance: from Bratislava (Slovakia) to Beijing ...

Concept Cars

This is the all-new Vision Mercedes-Maybach Ultimate Luxury conceptThis is the all-new Vision Mercedes-Maybach Ultimate Luxury concept
Daimler unveiled the all-new Vision Mercedes-Maybach Ultimate Luxury. The concept car will be showcased during the 2018 Beijing Motor Show, the event ...

Custom Cars

Rolls Royce Wraith Luminary Collection announcedRolls Royce Wraith Luminary Collection announced
Rolls Royce is continuously improving its client experience with special editions for the current range of cars. Same happened with the current Wraith ...

Future Cars

Hyundai teases its future hydrogen-powered SUVHyundai teases its future hydrogen-powered SUV
Even if many manufacturers are considering fuel-cell alternatives not a viabile solution to combustion engines, Hyundai wants to believe that it already ...

Market News

Volkswagen Commercial Vehicles deliver less cars in first quarter of 2018Volkswagen Commercial Vehicles deliver less cars in first quarter of 2018
After the first three months of 2018, Volkswagen continues to lead the sales in Europe. Not only for the passenger cars, but also for the commercial ones, ...

Gadgets

Audi E-Tron Vision Gran Turismo - first teaser pictureAudi E-Tron Vision Gran Turismo - first teaser picture
Audi has published a first teaser picture with the upcoming Audi E-Tron Vision Gran Turismo. The virtual car will be showcased on April 9th and it will ...

Various News

Ford Mustang is world's best selling sports car in 2017Ford Mustang is world's best selling sports car in 2017
This is for the third time in a row when Ford Mustang was named world's best selling sports car. Global Ford Mustang registrations in 2017 totalled 125,809 ...

Motorsports

Volkswagen ID R Pikes Peak - officially unveiledVolkswagen ID R Pikes Peak - officially unveiled
Volkswagen has officially unveiled the new Volkswagen ID R Pikes Peak Concept. The car is set to compete in the famous Pikes Peak Hill Climb event which ...

Videos

These are the first four episodes of the Audi Q8 Unleashed campaign - the SUV will be unveiled on June 5These are the first four episodes of the Audi Q8 Unleashed campaign - the SUV will be unveiled on June 5
Audi has prepared a special marketing campaign to promote the upcoming Audi Q8. Named Q8 Unleashed, the experience is a mini-series with five episodes. ...