Geely Wants Lotus To Start Playing With The Big Boys
Geely’s plans for Lotus includes bringing the once-proud British sports car brand back to relevancy. But a new report from Automotive News Europe reveals that the Chinese auto giant now has bigger plans for its new acquisition, specifically increasing its stake in Lotus with a fresh $1.9 billion investment. If Geely’s plans come to fruition, it could up its stake in Lotus from 51 percent to a more significant ownership percentage. Doing so would cut into the shares of Malaysia’s Erika Automotive, which currently owns 49 percent of Lotus.
You’ll never confuse Geely for being an automaker that evokes first-name basis, but the fact remains that these guys wouldn’t be here if they didn’t know what they were doing. And if we do say so ourselves, these guys from China aren’t ones to take a backseat when it comes to their hometown auto show in Shanghai.
The Chinese automaker has released the first pictures of their new coupe sports car, the Gleagle GS-CC. Aesthetically speaking, we’re very impressed with the design of the car, especially the interior, which comes with what looks to be a sporty and aggressive design to go along with high-quality materials. Even the exterior looks good with the only exception being that drainage-looking grille that seems completely out of place not just in the Gleagle GS-CC, but in the entire auto industry for that matter.
Unfortunately, the good vibes of the car’s overall design don’t take away from the underwhelming powertrain under the car’s hood. We don’t know about the rest of you, but a car that’s as sporty looking as the GS-CC should have a more powerful engine than the 1.3-liter turbocharged four-cylinder it has under its hood. That engine only translates to about 127 horsepower, which is a disappointing number considering that it’s a car that looks more powerful than it actually is.