Connect with us

Geely Could Drop $2 Billion on Lotus Comeback

(Credit: Lotus )

Car Manufacturer News

Geely Could Drop $2 Billion on Lotus Comeback

In case you’ve forgotten, Lotus was purchased by Chinese automotive giant Geely Holding Group. Now, a new report from Automotive News says Geely is considering sinking about $2 billion into the British car legend. The aim is to bring Lotus back to its former glory, or maybe even push beyond that.

Considering what’s happened with Volvo under Geely’s care, this could be huge. Volvo mismanaged itself right into Ford ownership, which was disastrous, then floundered after. Today, it’s cranking out some impressive vehicles, showing a level of composure the Swedish automaker has never demonstrated before.

Back to Lotus: this huge investment would involve research centers and production plants in the UK. That’s great for the British economy, which has been interesting with the Brexit thing.

There’s no doubt new models are in the works. Exactly what Geely and Lotus are planning isn’t certain, but there will likely be at least one crossover in the mix. Could the return of the Esprit be a possibility? All-electric cars, or at least plug-ins, should be part of the plan as well.

So far, the Chinese have spent about $11 billion on Lotus, so what’s another $2 billion?

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

More in Car Manufacturer News

SPONSORED

Newsletter

Get Our StoriesIn Your Inbox

Subscribe for our latest news, reviews, and lists.

Popular Stories

Recent Posts

Car Manufacturer News

BMW Spending Big Bucks on New EV

By Dec 14, 2018

Truck News

Ford Working on Baby Pickup

By Dec 14, 2018

Car Safety

Car Headlights Still Suck

By Dec 13, 2018

Car Safety

Volkswagen Has a New Scandal

By Dec 13, 2018
SPONSORED
To Top