Iconic British Sports Car Maker Lotus Might End Up In Chinese Hands
Corporate Business

British Car Maker Lotus May End Up In Chinese Hands

The Zhejiang Geely Holding Group is reportedly bidding for a 51% stake in Malaysia’s Proton Holdings, the owner of the Proton and Lotus brands. The current owner is DRB-Hicom, one of the country’s largest automotive conglomerates, which has long been looking for a “strategic partner” for Proton Holdings. Zhejiang Geely currently owns the Geely Auto, Volvo, and the Lynk & Co. brands.

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VotW – Old School Versus New School on Top Gear

Video of the Week is for fans of old school seat-of-the-pants sports cars in the form of a TopGear challenge between an Austin Healey Sprite and Peugeot 306. At this time – We can call this challenge – Old School vs. New Generation car culture. Richard Hammond and James May argue about the state of modern-day driving, which sparked a time trial showdown at Prescott Hill Climb Course, pitting a Austin-Healey Sprite representing a mostly middle-aged classic car owners club, versus a modified Peugeot 306 backed by a more youthful group. The Stig takes the two around, with the Sprite, on a serious race-focussed diet, defeating the showy and stereo-laden 306 by one second.