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
Tag: Lotus
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
Feng Qingfeng to succeed Jean-Marc Gales as Lotus CEO
L-R: Feng Qingfeng and Jean-Marc Gales. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, has announced that Feng Qingfeng, vice-president and chief technical officer of Geely Auto Group, has been appointed to succeed Jean-Marc Gales as chief executive officer of Group Lotus effective immediately. Jean-Marc Gales will head up the Essex-based classic car dealer… Continue reading Feng Qingfeng to succeed Jean-Marc Gales as Lotus CEO
Geely paints the future of mobility
Car designers, artists and journalists met in Paris a few days ago at an event organised by Geely, to share their visions of future mobility. On a rooftop terrace, a series of works of art were presented, all created to explore the theme of what mobility will look like in the year 2100. Geely’s Peter Horbury, Brandon… Continue reading Geely paints the future of mobility
Exclusive: Lotus boss Jean-Marc Gales departs car maker
Jean-Marc Gales has abruptly left his position as CEO of Group Lotus plc, the Norfolk-based sports car maker and technology consultancy acquired last year by China’s Geely group, which also owns Volvo, Lynk&Co, Proton and LEVC. Gales told Autocar that he was leaving for “personal reasons” and that it was “time to move on”. He departs his job today and described it as… Continue reading Exclusive: Lotus boss Jean-Marc Gales departs car maker
Rivian Automotive Closes Financing Round of $200 Million
author: Eric Walz Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million
Why Aston Martin Replaced the DB11 V12 With the Hotter AMR After Twenty Months
Entering production in September 2016, the DB11 V12 was Aston’s first brand-new model in years, built on a fresh platform and powered by a self-developed twin-turbo engine no one saw coming. Yet just 20 months and roughly 4200 cars later, the original DB11 is no longer available—it’s been replaced by the hotter DB11 AMR. Aston… Continue reading Why Aston Martin Replaced the DB11 V12 With the Hotter AMR After Twenty Months
Geely considering dual-location stock market flotation of Volvo
Chinese car giant Geely is considering floating Volvo on the Hong Kong and Stockholm stock exchanges. According to Bloomberg, the burgeoning Swedish brand’s parent company has consulted three major banking firms – Goldman Sachs, Citigroup and Morgan Stanley – on the possible move. Sources disclosed that a company value of between £12 billion and £22 billion is… Continue reading Geely considering dual-location stock market flotation of Volvo
We Will Have To Thank Geely For The 2020 Lotus Esprit
Two new sports cars coming by the end of the decade. The days are happy at Lotus – the British sports car maker is now part of Chinese auto giant Geely’s family and is looking to the future with a lot of hope. Soon, we will see the first-ever crossover from the brand, based on… Continue reading We Will Have To Thank Geely For The 2020 Lotus Esprit
New Lotus Esprit supercar to hit roads in 2020
Lotus boss Jean-Marc Gales has revealed that two new sports cars are in the pipeline as investment begins to materialise from the company’s new owner, Chinese automotive giant Geely. The two cars will include a new star model, due in 2020, that will sit above the Evora — essentially placing it as a modern-day version of the… Continue reading New Lotus Esprit supercar to hit roads in 2020