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Chinese auto maker and umbrella company for several marques, Geely, is due to take a 49.9% share in Proton, and from Proton a 51% share in Lotus.
Geely Holdings Group, which is also the parent company of Volvo Cars, says it expects the deal wil be finalised by mid-July 2017.
Lotus’ next owners hope to gain more expertise in research and development from the British brand, as well as exploring manufacturing possibilities, and strengthening market presence.
“Reflecting our experience accumulated through Volvo Car’s revitalization, we also aim to unleash the full potential of Lotus Cars and bring it into a new phase of development by expanding and accelerating the rolling out of new products and technologies.”
A new owner could mean a better chance for Lotus to survive, as a company with as much investment power behind it as Geely is likely to have no issue throwing plenty of cash in to get as much out of it as possible.
Could this mean we’re about to see a resurgence in the popularity and presence of Lotus? Watch this space…
