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Geely Wants Lotus To Start Playing With The Big Boys

Geely Wants Lotus To Start Playing With The Big Boys

Is a new $1.9 billion investment enough to make Lotus a rival to Ferrari and Porsche?

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.

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Here's What A Lotus Acquisition Could Mean For Geely And Its Sub-Brands

Here’s What A Lotus Acquisition Could Mean For Geely And Its Sub-Brands

There are a lot of possible benefits for all parties concerned

Geely’s acquisition of Lotus sent some shockwaves to the auto industry for good reason. The Chinese automaker has been pushing aggressively for Western expansion in recent years, having acquired Volvo back in 2010. It’s done incredible work on that front and the results have been impressive. Volvo, dormant for so long, has become a luxury brand to be reckoned with once again and there doesn’t appear to be any signs of the Swedish company slowing down anytime soon. What Geely has done for Volvo is one of the big reasons why the Chinese automaker’s recent purchase of a majority stake in Lotus is being treated with a lot of optimism, and rightfully so.

Now I’m not about to go into overdrive on the hyperbole, but I do think that this transaction will yield a lot of positive results for both Geely and Lotus. Volvo could even benefit from it, and while we’re at it, let’s not forget about Geely’s new start-up electric car company, Lynk and Co. There’s plenty of room for growth for all these companies now that they’ll effectively under one umbrella. The objective now is to look at the possible benefits that each of these companies stand to gain.

Continue after the jump to read the full story.

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Lotus Finally Gets A New Owner!

Lotus Finally Gets A New Owner!

All signs point to a Lotus renaissance as Geely takes majority stake from Proton

For the longest time, Lotus seemed like the most under-utilized car company in the industry. At the very least, it ranks high on the list of automakers that have failed to live up to its potential. Fortunately, things are now taking a turn for the better for the beleaguered British automaker as Hong Kong-based automaker Geely acquires a 51-percent share in Lotus from its parent company, Proton.

In addition to the 51-percent stake in Lotus, Geely is also acquiring a 49.9 percent stake in Proton itself from the company’s parent firm, Malaysian conglomerate DRB-Hicom. The movement of all these chess pieces means Lotus is free from its struggling past ownership and under the watchful eye of Geely, the fledgling Chinese automaker responsible for reviving Volvo. Geely’s assumed goal to do the same for Lotus, which is largely credited for introducing some of the best handling, lightweight sports cars back in its heyday. It’s been a while since Lotus was a relevant name in the auto industry, but with Geely now in charge, there’s a lot of optimism in the air.

Continue after the jump to read the full story.

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2011 Geely Gleagle GS-CC

2011 Geely Gleagle GS-CC

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.

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