Just In

Geely Motors Set To Take Over Lotus

Reports have emerged that Chinese Automakers, Geely Auto has sealed a deal with Lotus parent company Proton to purchase a controlling stake in the British sports car company. 

Geely which already, Volvo, Lynk & Co, the London Taxi Company, as well as its own brands will purchase a 51 percent stake which will be finalized in July.
France’s PSA Group, owner of Peugeot and Citroen, was also considering a bid, but it appears Geely made the better offer. 

Lotus has for years suffered financial hardships, and Geely’s cash flow will more than keep the lights on at Hethel. Lotus will also enjoy Geely’s business approach, which is described as being hands-off. There was controversy when Geely purchased Volvo from Ford a few years ago, but the subsequent hands-off approach is paying huge dividends today. 

Lotus will be hoping to replicate that success.


  1. Miami is a preferred tourist destination particularly during the summer time for its amazing weather. So if you are planning to visit this city, summer is the best time to do so. Apart from the beautiful beaches and parks, Exotic Car Rental

  2. A blend that is too lean I.e insufficient two stroke oil can harm your small scale moto's motor as the moving parts are not as expected greased up. This can make the motor seize. Web-Site

  3. Maybe a its a generational thing. Maybe in ten, twenty, or Free Catalog thirty years this form of shopping will be completely obsolete. For now free catalogs are here to stay.