Following Volvo and the London Taxi Company, Lotus could be the third company snatched up by Geely.
The recent unveiling of the new Lynk and Co. brand put Chinese auto giant Geely back in the spotlight. After the company’s acquisition of Volvo in 2010, and the London Taxi Company in 2012, Lynk and Co. represented the third automaker in the growing Geely portfolio, and arguably the most forward thinking of the lot. But now, a fourth acquisition could be on the horizon.
According to Road & Track, Geely might also be interested in purchasing Lotus; yes, that Lotus. Given Geely’s semi-recent London Taxi Company purchase, it could be the second British manufacturer to be snatched up by the Chinese manufacturer in just four years, and the third company in a stretch of just six years.
Proposed for sale in early September, Lotus CEO Jean-Marc Gales had high hopes of reversing the company’s financial hardships, which came about in recent history under the direction of overachieving former CEO Dany Bahar. The new Evora 400 (pictured) was the first of many new vehicles expected to come from the marque in the next few years, as would an entirely new platform for both the Evora and Exige.
Owned by Proton since 1996, Lotus has entertained a number of potential suitors in recent years looking to acquire the legendary marque, but has remained under the Malaysian company’s umbrella since then. The new potential acquisition by Geely would mark the first new ownership of Lotus in 20 years.
For now, both companies are remaining silent on the possible buyout. Expect to see more rumblings surrounding the acquisition in the next few months.
Source: Road & Track