Lotus Cars is currently owned by the Chinese automotive company Geely Holding Group, based in Hangzhou, China. The company purchased a majority stake in Lotus from Malaysian-based DRB-Hicom Berhad for £100 million in 2017. Geely owns Volvo and other car brands such as Proton, Lynk & Co, Polestar and London EV Company (LEVC).
It also has stakes in Daimler AG and AB Volvo. Geely’s purchase of Lotus marked its first foray into motorsports with an iconic British brand known for its performance cars including the Esprit S1, Elan M100 and Elise models since it was founded by Colin Chapman back in 1952.
Lotus Cars is a British automotive manufacturer based in Norfolk, England. The company was founded by Colin Chapman in 1952 and has since become one of the most iconic names in motorsport. Lotus produces high-performance cars that are admired for their exceptional engineering and design, as well as being race proven on tracks around the world.
In 2017, Chinese automotive giant Geely Holding Group acquired a majority shareholding in Lotus from Proton Holdings Berhad, making it the new owner of the historic car brand.
History of Lotus Documentary
Is Lotus Owned by Toyota
Lotus Cars Ltd is a British automotive company that manufactures sports cars and racing cars, originally founded in 1955. It has since been acquired by several companies, including General Motors and Proton. Currently, Lotus is owned by Geely Automobile Holdings Ltd., a Chinese-based multinational automotive group.
However, Toyota Motor Corporation does have a 5% stake in the Lotus Group International Limited, which owns the intellectual property rights of Lotus Cars Ltd.
Does Gm Still Own Lotus?
GM no longer owns Lotus. Back in 1996, GM acquired a controlling interest in the British sports car maker for US$430 million, intending to expand its portfolio of sports cars and boost profits. However, the state of GM’s finances at that time led to its divestment by 2006.
In 2010, Malaysian automotive company Proton purchased Lotus from former owner DRB-Hicom Berhad (DRB-H), returning it to independent ownership after a 14 year hiatus. Despite being under Malaysian ownership since then, Lotus’ operations remain based in Hethel, Norfolk where they have been headquartered since 1966.
Did Bugatti Own Lotus?
No, Bugatti did not own Lotus. Both companies have long and storied histories in the auto industry, with Bugatti being founded by Ettore Bugatti in 1909 and Lotus being established by Colin Chapman in 1952. However, despite their shared passion for engineering excellence and ambitious designs, these two iconic marques have never been under the same ownership.
In fact, a proposed merger between the two automakers was rejected by Volkswagen Group (which owns Bugatti) back in 2015. The reason for this rejection is believed to be because of Lotus’s financial struggles at the time – a situation that has since been addressed through measures such as restructuring its debt load and receiving investment from Chinese automotive giant Geely Holding Group. Ultimately though, it appears that there will be no union between these legendary companies anytime soon – leaving us all to marvel at their respective accomplishments on our own!
What Company Owns Lotus?
Lotus is a British automotive brand that has been around for more than 100 years. It is known for its sporty, high-performance cars and motorsport heritage. The company was founded by Colin Chapman in 1952 as Lotus Engineering Ltd., and it was acquired by General Motors in 1986.
General Motors sold the company to Proton of Malaysia in 1996, which then became part of DRB-HICOM in 2012 and later renamed Group Lotus plc. Today, Group Lotus plc is owned by the Chinese carmaker Geely Automobile Holdings Ltd (Geely). Geely itself is a subsidiary of Zhejiang Geely Holding Group Co., one of China’s largest automakers, who purchased the majority stake from Proton in 2017.
When Did Gm Buy Lotus?
General Motors (GM) announced their acquisition of Lotus on March 26th, 2017. This came after months of speculation that GM was considering buying the British sports car company to add some excitement to its lineup and bring in a more diverse range of vehicles. The acquisition was part of GM’s strategy to take advantage of the trend towards electric cars and autonomous driving technology.
With the purchase, GM became one of many automakers looking towards Lotus for its expertise in light-weighting and performance engineering capabilities that are essential for creating competitive electric cars with superior acceleration times compared to traditional gasoline engines. In addition, the move allows them access to Lotus’ extensive portfolio comprised mainly by low-emissions luxury vehicles such as the Evora GTE Hybrid, Exige S1 Hybrid, and Esprit V8 Hybrid models. It is expected that this partnership will enable General Motors to develop cutting edge technologies faster than ever before while giving them an opportunity to tap into new markets outside their traditional footprint in North America and Europe.
Conclusion
The Lotus Car Brand is a British auto manufacturer with a long and beloved history. The company has been under different owners over the years, but currently it is owned by Geely Automobile Holdings. With their commitment to continuing the legacy of producing high-performance cars, this new ownership provides an exciting future for Lotus car fans around the world.
As they continue to build on their iconic reputation, we can look forward to many more years of seeing classic Lotuses on our roads.
