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Chinese Manufacturer Geely Takes Control of Lotus

Chinese Manufacturer Geely Takes Control of Lotus

So it’s now official; Geely own Lotus. A majority stake sale now means that Geely own 51% of the company, while Malaysian company Etika owns the remainder. Geely bought the controlling share for $100 million, which means they now control both Lotus Engineering and Lotus Cars.

Overall though, there shouldn’t be any major concerns for Lotus as a brand, as Geely are hardly inexperienced in the owning and managing of marque brands, having taken control of Volvo in 2010 and the London Taxi Company more recently in 2013.

Continue reading Chinese Manufacturer Geely Takes Control of Lotus at Motor-Vision.

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