Lotus
Lotus Has Been Bought by Geely of China
This just in from the BBC, AutoNews, FT, and numerous other UK news sources, British sports car maker Lotus is being bought by China’s Geely. A statement was put out by the Hangzhou-based company. There is no notice as of yet from Lotus themselves. The purchase is part of a deal by Geely to buy a 49.9% stake in Malaysian carmaker Proton, which owns Lotus. Geely, which also owns the London Taxi Company and Sweden’s Volvo Car Group, will take a 51% stake in Lotus.
