Lotus Cars

Who Owns Lotus Cars?

Lotus Cars is a renowned British manufacturer of sports and racing cars, famous for its innovative engineering and lightweight designs. With a history that spans several decades, Lotus has made a significant impact on the automotive industry. But who owns Lotus Cars today?

The Journey of Lotus Cars

Founded in 1952 by Colin Chapman, Lotus quickly gained a reputation for producing agile and high-performance vehicles. The company’s success in motorsport, particularly in Formula 1, helped cement its status as a leader in automotive engineering.

Over the years, Lotus has undergone various ownership changes. In 1986, General Motors acquired the company, only to sell it to A.C.B.N. Holdings S.A. of Luxembourg in 1993. Then, in 1996, Proton, a Malaysian car manufacturer, took ownership of Lotus, marking a significant chapter in its history.

Current Ownership

As of 2017, Lotus Cars is owned by Geely, a Chinese multinational automotive company. Geely acquired a 51% controlling stake in Lotus, while the remaining 49% is held by Etika Automotive, a subsidiary of the Malaysian conglomerate DRB-HICOM. This acquisition has provided Lotus with the financial backing and resources to expand its product lineup and enter new markets, ensuring its continued growth and innovation.

The Future of Lotus Cars

Under Geely’s ownership, Lotus Cars is poised for a promising future. The company has announced plans to develop new models, including electric vehicles, and expand its presence in the global market. With a strong emphasis on maintaining its heritage of performance and innovation, Lotus is set to remain a significant player in the automotive industry.

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In conclusion, Lotus Cars, a symbol of British automotive excellence, is now under the ownership of Geely and Etika Automotive. This partnership is expected to drive the brand forward, combining heritage with modern innovation to create the next generation of iconic sports cars.