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

Toyota unveils P4 Automated Driving ConceptToyota unveils P4 Automated Driving Concept
Toyota is conducting intensive tests for its autonomous cars. The technology is there and is developing fast, so Toyota wants to see how it performs in ...

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

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

Peugeot produced its one millionth C-segment carPeugeot produced its one millionth C-segment car
When Peugeot decided to replace its family cars with SUV's everyone understood the French brand is on its way to becoming a popular choice on the european ...

Gadgets

Harman launches a technology to improve in-car phone conversationsHarman launches a technology to improve in-car phone conversations
Talking on the phone in car is quite a challenge for some volume cars, that don't offer very good sound quality for conversations. Harman is the biggest ...

Various News

Ford issued an urgent recall for 2006 RangerFord issued an urgent recall for 2006 Ranger
Ford is still suffering after Takata scandal. The airbags affected by the recall are putting life at risk for some Ford customers. That's why Ford is ...

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

VIDEO: BMW M5 Competition face to face with Mercedes-AMG E63 SVIDEO: BMW M5 Competition face to face with Mercedes-AMG E63 S
The guys from CarWow have prepared something special for this hollyday season. They have pulled out a BMW M5 Competition and a Mercedes-AMG E63 S and ...