What company owns Lotus Elise?
The Lotus Elise, a beloved sports car known for its lightweight design and exceptional handling, is currently owned by Geely Automobile Holdings, a Chinese multinational automotive company. Geely acquired Lotus, the British sports car manufacturer, in 2017, marking a significant milestone in the brand's history.
Geely's Acquisition of Lotus
In 2017, Geely Automobile Holdings, the parent company of Volvo Cars, announced its acquisition of a majority stake in Lotus Cars. The deal was valued at £100 million and was seen as a strategic move by Geely to expand its global footprint and diversify its portfolio of automotive brands. Geely's acquisition of Lotus was part of its broader strategy to become a leading player in the global automotive industry.
Lotus Elise: A Sports Car Icon
The Lotus Elise, first introduced in 1996, has long been regarded as one of the most iconic sports cars in the world. The Elise's lightweight construction, mid-engine layout, and exceptional handling characteristics have made it a favorite among driving enthusiasts. Under Geely's ownership, the Elise has continued to evolve, with the company investing in the development of new models and technologies to keep the brand competitive in the ever-changing automotive landscape.
Geely's Plans for Lotus
Since acquiring Lotus, Geely has outlined ambitious plans for the brand's future. The company has pledged to invest heavily in Lotus, with the goal of transforming it into a global leader in the sports car and luxury vehicle markets. This includes the development of new models, the expansion of Lotus' manufacturing capabilities, and the strengthening of the brand's global distribution network.
Geely's ownership of Lotus has also opened up new opportunities for collaboration and technology sharing between the two companies. The company has already begun leveraging Lotus' expertise in lightweight engineering and advanced materials to enhance the performance and efficiency of its other automotive brands.
Overall, the Lotus Elise remains a beloved sports car, and its future under Geely's ownership looks promising as the company continues to invest in the brand's development and global expansion.
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.
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.
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.
What 4 brands of GM are left?
Our Brands
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Who owns Lotus cars now?
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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.
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.
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.
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.
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.
