What company owns Lotus Elise?
The Lotus Elise is a beloved sports car known for its lightweight design, exceptional handling, and thrilling driving experience. But who owns the rights to this iconic vehicle? In this article, we’ll explore the ownership of the Lotus Elise and provide some context about the company behind it.
The Parent Company of Lotus Elise
The Lotus Elise is manufactured by Lotus Cars, a British automotive company renowned for producing lightweight sports cars and racing vehicles. As of today, Lotus Cars is owned by Geely, a Chinese multinational automotive company. Geely acquired a majority stake in Lotus Cars in 2017, purchasing 51% of the company. The remaining 49% is owned by Etika Automotive, a Malaysian company.
What Does Geely’s Ownership Mean for Lotus?
Geely’s acquisition of Lotus Cars has brought significant investment and resources to the brand, enabling it to expand its product lineup and modernize its manufacturing processes. Under Geely’s ownership, Lotus has been able to develop new models, including electric vehicles, while maintaining its commitment to lightweight engineering and performance.
A Brief History of Lotus Cars
To better understand the significance of the Lotus Elise, it’s helpful to look at the history of Lotus Cars:
- Founded in 1952: Lotus Cars was established by Colin Chapman in England, with a focus on innovation and performance.
- Racing Heritage: The company gained fame for its success in Formula 1, winning multiple championships.
- Introduction of the Elise: The Lotus Elise was first launched in 1996 and quickly became a symbol of the brand’s dedication to lightweight, driver-focused cars.
- Geely’s Acquisition: In 2017, Geely’s investment marked a new chapter for Lotus, allowing the company to grow and innovate further.
Conclusion
The Lotus Elise remains an iconic sports car, and its parent company, Lotus Cars, continues to thrive under the ownership of Geely. With a rich history and a promising future, Lotus is poised to remain a leader in the world of performance and innovation.
Frequently Asked Questions
Does GM still own Lotus?
Lotus Cars was founded and owned for many years by Colin Chapman. After his death and a period of financial instability, it was bought by General Motors, then by businessman Romano Artioli and DRB-HICOM through its subsidiary Proton. It is currently owned by Chinese multinational Geely.
Did Toyota own Lotus?
1986 – General Motors and Toyota buy a combined majority share in Group Lotus as co-owners. Toyota sells out to General Motors four months later. 1993 – General Motors sells Lotus to A.C.B.N Holdings S.A. of Luxembourg. 1996- Proton, a Malaysian car company, buys a majority share in the company.
What 4 brands of GM are left?
Our Brands
- CHEVROLET.COM.
- BUICK.COM.
- GMC.COM.
- CADILLAC.COM.
How much is a Lotus Elise worth?
The value of a used 2006 Lotus Elise ranges from $3,044 to $4,629, based on vehicle condition, mileage, and options.
Who owns Lotus cars now?
Geely Lotus Group International Ltd. (function(){
(this||self).Bqpk9e=function(f,d,n,e,k,p){var g=document.getElementById(f);if(g&&(g.offsetWidth!==0||g.offsetHeight!==0)){var l=g.querySelector("div"),h=l.querySelector("div"),a=0;f=Math.max(l.scrollWidth-l.offsetWidth,0);if(d>0&&(h=h.children,a=h[d].offsetLeft-h[0].offsetLeft,e)){for(var m=a=0;m
Lotus Cars Limited/Parent organizations
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.
Can I buy a Lotus in the US?
LOTUS CARS SHIPPED NATIONWIDE
When you order a new Lotus at Lotus of Jacksonville, you can have it shipped anywhere you like in the continental United States. Place your Lotus order through our dealership and we'll have it delivered to the address of your choosing.
How much does a Lotus Elise cost?
Prices for a used Lotus Elise currently range from $46,985 to $48,985, with vehicle mileage ranging from 745 to 70,418. Find used Lotus Elise inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.
Is the Lotus Elise a Toyota engine?
The Elise Cup 260 has the following specifications according to Lotus: Engine: 1.8 litre supercharged Toyota 2ZR-FE Inline-4.
Who owns Lotus today?
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.
