Who owns Lotus today?
Lotus Cars, the iconic British sports car manufacturer, is currently owned by Geely Automotive, a Chinese multinational automotive company. This acquisition marks a significant shift in the ownership and future direction of the Lotus brand.
Lotus Cars' Ownership History
Lotus Cars was founded in 1952 by Colin Chapman, a renowned engineer and racing driver. The company gained fame for its innovative and lightweight sports car designs, which were highly successful in motorsports competitions. Lotus Cars was privately owned by the Chapman family until 1986, when it was acquired by the British car manufacturer General Motors (GM).
In 1993, Lotus Cars was sold to Proton, a Malaysian automotive company. Proton owned Lotus for over two decades, during which time the brand continued to produce high-performance sports cars and expand its product lineup. However, Proton's financial struggles and the changing automotive landscape led to the eventual sale of Lotus to a new owner.
Geely Automotive's Acquisition of Lotus
In 2017, Geely Automotive, a Chinese multinational automotive company, acquired a majority stake in Lotus Cars. The acquisition was part of Geely's strategy to expand its global footprint and diversify its portfolio of automotive brands. Geely's investment in Lotus has allowed the British brand to undertake a significant transformation, including the development of new models and the expansion of its manufacturing capabilities.
Under Geely's ownership, Lotus has unveiled several new sports car models, such as the Evija, the brand's first all-electric hypercar, and the Emira, a mid-engine sports car that serves as the replacement for the Lotus Elise, Exige, and Evora models. These new offerings have been well-received by enthusiasts and have helped to reinvigorate the Lotus brand, positioning it for future growth and success.
The Future of Lotus Cars
With Geely's financial backing and expertise, Lotus is poised to continue its legacy of producing high-performance, lightweight sports cars. The company has announced plans to expand its manufacturing capabilities and introduce new models, including SUVs and sedans, to broaden its appeal and reach a wider customer base. Lotus' future under Geely's ownership is expected to be one of continued innovation, growth, and a renewed focus on delivering exceptional driving experiences.
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.
Who are the major shareholders of Lotus?
Shareholders: Lotus KFM
| Name | Equities | % |
|---|---|---|
| Lotus Essential Sdn. Bhd. 23.38 % | 300,000,000 | 23.38 % |
| Sak Kuan Wong 15.64 % | 200,740,000 | 15.64 % |
| Cwl Ventures Sdn. Bhd. 6.403 % | 82,166,000 | 6.403 % |
| Ming Teck Yau 5.455 % | 70,000,000 | 5.455 % |
Does Malaysia still own Lotus?
Did You Know That Syed Mokhtar Still Owns 49% Of Lotus Cars. You might be surprised to know that Malaysian tycoon Tan Sri Syed Mokhtar Albukhary still owns a 49 percent stake in Lotus via Etika Automotive Sdn Bhd. Meanwhile, Zhejiang Geely Holding Group owns the remaining 51 percent of Lotus.
Does China own Lotus?
Lotus is currently majority-owned by Chinese multinational Geely.
Who owns Lotus now?
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.
What 4 brands of GM are left?
Our Brands
- CHEVROLET.COM.
- BUICK.COM.
- GMC.COM.
- CADILLAC.COM.
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.
Who are the new owners of Lotus?
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.
Which group owns Lotus?
Geely Automotive
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.
Did Toyota ever own Lotus?
The death of Colin Chapman brought some changes for Lotus, resulting in the company being owned internationally. Here's a modern timeline leading to who makes Lotus cars today: 1986 – General Motors and Toyota buy a combined majority share in Group Lotus as co-owners.
