Tag: Lotus

Geely Wants To Turn Lotus Into A Luxury Porsche Rival

It will also reportedly increase its 51 percent stake in Lotus with its Malaysian partner Etika Automotive, which holds the remaining 49 percent stake. “Geely is fully committed to restoring Lotus into being a leading global luxury brand,” the company responded in a statement when asked about the investment but refused to comment further. Geely… Continue reading Geely Wants To Turn Lotus Into A Luxury Porsche Rival

Geely Mulls $1.9 Billion Revival Plan for Lotus Cars

LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter. Zhejiang Geely Holding Group Co., which also controls Volvo Car Group, plans to… Continue reading Geely Mulls $1.9 Billion Revival Plan for Lotus Cars

Lotus under Geely – what’s the plan?

New CEO Feng Qingfeng was until recently chief technical officer of Geely Auto Group Lotus is something of a curiosity. Like Chrysler, many companies have owned it, only to eventually sell to another firm, usually having sustained substantial losses during the period of control. Will things be different under Geely? The following analysis of the… Continue reading Lotus under Geely – what’s the plan?

Brabham BT62: how this 700bhp track car will bring an iconic name back to racing

Twelve years. That’s how long it has taken David Brabham to reassert control over his famous family name and then formulate a solid strategy to re-establish it as a credible player in the automotive industry. Now, following last month’s launch of the new-look Brabham Automotive and its £1m-before-tax BT62 track car, he says he’s determined to put… Continue reading Brabham BT62: how this 700bhp track car will bring an iconic name back to racing

Brabham Automotive: how the BT62 will bring an iconic name back to racing

Twelve years: that’s how long it has taken David Brabham to reassert control over his famous family name and then formulate a solid strategy to re-establish it as a credible player in the automotive industry. Now, following last month’s launch of the new-look Brabham Automotive and its £1m-before-taxes BT62 track car, he says he’s determined… Continue reading Brabham Automotive: how the BT62 will bring an iconic name back to racing

Geely and Shell sign strategic agreement for new markets, R&D and new opportunities

Duke of Richmond welcoming Geely and Shell to Goodwood. Geely’s Bo Yue fleet arrives at Goodwood. Chinese carmaker Geely has extended its strategic collaboration agreement with energy major Shell that will go beyond just lubricants, at the sidelines of the recently concluded Sino-Euro tour. The ‘Challenge 100 Degrees – Geely Goes Global, Powered by Shell’… Continue reading Geely and Shell sign strategic agreement for new markets, R&D and new opportunities

Geely signs cooperation deal with Shell in Britain

LONDON, June 6 (Xinhua) — Geely Auto Group and Shell signed a global strategic cooperation agreement broadening their cooperation beyond just lubricants, as the “Challenge 100 Degrees-Geely Goes Global, Powered by Shell” European Tour came to a conclusion at the iconic center of British motorsport in Goodwood Wednesday. After more than a month of travelling,… Continue reading Geely signs cooperation deal with Shell in Britain

Lotus CEO Jean-Marc Gales Leaves To Run A Classic Car Restoration Company

Photo credit: Lotus Chief executive officer of Lotus Jean-Marc Gales just stepped down “for personal reasons,” and will join a company that restores and sells old classic cars. Replacing Gales at Lotus is Feng Qingfeng, vice president and chief technical officer of Geely, the Chinese company that, as of 2017, has owned a controlling stake… Continue reading Lotus CEO Jean-Marc Gales Leaves To Run A Classic Car Restoration Company

Lotus boss leaves as new owner Geely promotes from within

Lotus’s boss has left the sports car manufacturer less than a year after it was acquired by Chinese automotive giant Geely. Jean-Marc Gales was brought in to the Norfolk-based company in 2014 with a remit to get it back on track after an ambitious expansion plan under former Ferrari marketing chief boss Dany Bahar failed.… Continue reading Lotus boss leaves as new owner Geely promotes from within