Chinese automaker Geely acquires Lotus Cars

[Sticky]

Maybe this is a good thing? Lotus has struggled which is no secret to anyone and they did not have the ability to roll out their entire product lineup (limited as it may be) worldwide. With an infusion of Chinese cash perhaps Lotus can return to some sort of glory or at least once against offer lightweight enthusiast vehicles.

Lotus was already a part of Proton of Malaysia which did not seem to help the brand much if at all. Geely (which owns Volvo) is buying 49.9% of Proton which will result in a 51% controlling stake in Lotus. Really, the goal seems to be to get Proton and Lotus is just a bonus.

The real question here is if this acquisition will be good for Lotus and its future. Nobody seems to know the answer and Geely's focus in the deal likely is not Lotus and sports cars.

Source

[ND75R]

I love Lotus and what their cars stand for and I really like what Geely has done with Volvo, I hope they can work some similar magic here because it would be fantastic to see more handling centric performance cars on the road. Even though the old CEO's ideas were far fetched it would be awesome to have a proper lotus super car developed.