China’s Geely acquires luxury carmaker Lotus

[ABX]

Before everyone gets their Jimmies rustled, Geely also owns most of Volvo and turned their consumer division back to profitable and frankly brilliant. They are run free market versus State.

...The Chinese auto giant Geely which also owns Sweden’s Volvo, and will assume ownership of Lotus from the brand’s current parent company, Malaysia’s Proton.

Lotus is an iconic sports car brand that until 2015 also had its own Formula One team, but sales have lagged in recent years. Geely hopes to turn this around with its controlling 51 percent stake in the automaker. The move also reflects the Chinese brand’s expansion into Southeast Asia, as it will now have a 49.9 percent stake in Proton, according to Business Insider......

http://www.cpp-luxury.com/chinas-geely-acquires-luxury-carmaker-lotus/

[Frank Cannon]

Lotus? They haven't made anything good since Emma Peel drove one.