Does Toyota still own Lotus?
No, Toyota no longer owns Lotus. Lotus, the British sports car manufacturer, was previously owned by Toyota, but the Japanese automaker sold its stake in the company in 2017.
The History of Toyota's Ownership of Lotus
Lotus, founded in 1952 by Colin Chapman, has had a long and storied history. In 1996, Toyota acquired a 20% stake in the company, which it gradually increased over the years. By 2011, Toyota had become the majority shareholder, owning 51% of Lotus.
During Toyota's ownership, Lotus benefited from the Japanese automaker's financial resources and engineering expertise. Toyota helped Lotus develop new models, such as the Elise and Exige, which were well-received by enthusiasts. However, Lotus continued to struggle with profitability and production challenges.
Toyota's Divestment from Lotus
In 2017, Toyota announced that it was selling its stake in Lotus to Geely, the Chinese automotive conglomerate that also owns Volvo and Polestar. The sale was part of Geely's strategy to expand its portfolio of premium and sports car brands.
Since the acquisition, Geely has invested heavily in Lotus, with plans to expand the brand's lineup and production capabilities. Lotus has also announced plans to develop its first-ever SUV, which is expected to help the company increase sales and profitability.
The Current State of Lotus
Under Geely's ownership, Lotus has been undergoing a significant transformation. The company has unveiled several new models, including the Evija hypercar and the Emira sports car, which are designed to compete with the likes of Ferrari and Porsche.
Lotus is also investing in new technologies, such as electric powertrains and advanced driver assistance systems, to keep up with the changing automotive landscape. The company's goal is to become a leading player in the high-performance and luxury sports car market.
In summary, while Toyota was once the majority owner of Lotus, the British sports car manufacturer is now under the ownership of Geely, the Chinese automotive conglomerate. Geely's investment in Lotus has helped the company to modernize and expand its product lineup, positioning it for future growth and success.
Does Lotus still use Toyota engines?
Lotus Evora (2009-Present)
The experimental infusion of Toyota engines into Elise models was so successful that Lotus Cars copied the concept with other high-end models like the Lotus Evora. This time around, Lotus decided to go all out with the Toyota GR Series, which can also be found in select Lexus models.
Which Lotus has a Camry engine?
Evora
The Evora is equipped with a mid-mounted, transverse, Toyota-sourced 3.5-litre 24-valve 2GR-FE V6 engine.
Who are the new owners of Lotus?
After his death and a period of financial instability, it was bought by General Motors, then Romano Artioli and then DRB-HICOM through its subsidiary Proton, which owned Lotus from 1996 to 2017. Lotus is currently majority-owned by Chinese multinational Geely.
Is Lotus owned by Toyota?
Any driver who owns Lotus cars can tell you what an incredible driving experience these precision-engineered sports cars provide. But who makes Lotus cars? Currently, Lotus is owned by Geely, a Chinese multinational company, and Etika Automotive.
What 4 brands of GM are left?
Our Brands
- CHEVROLET.COM.
- BUICK.COM.
- GMC.COM.
- CADILLAC.COM.
Who is the owner of Lotus brand?
Mr. Kamal Passi, our founder has always endeavoured to provide our consumers with the purest and the most potent beauty and wellness solutions. His passion bore fruit with the creation of Lotus Organics.
Does GM still own Lotus?
On 27 August 1993, GM sold the company to Bugatti Automobili SpA owned by businessman Romano Artioli. In 1996, a majority share in Lotus was sold to Proton, a Malaysian car company. On 24 May 2017, Chinese multinational Geely announced that was taking a 51% controlling stake in Lotus.
Who owns Lotus now?
Lotus Group is the parent company of the above subsidiaries and others. It is part of Geely Automotive, the fastest-growing automotive group in the world. Geely has a 51% controlling stake, with 49% owned by Etika Automotive, a Malaysian conglomerate.
Who bought over Lotus?
Zhejiang Geely Holding Group
Lotus Cars is an iconic British producer of sports and racing cars. The first Lotus car was born in 1948 and in June 2017, Lotus Cars became majority owned by Zhejiang Geely Holding Group. The original founder of Lotus, Colin Chapman, believed that lightness was key to the development of great sports cars.
Does Ford still own Lotus?
Lotus is currently majority-owned by Chinese multinational Geely.
