New Finance Deals available in France from Lotus

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LOTUS EMBARKS ON NEW FINANCIAL PARTNERSHIP WITH CGI FINANCE IN FRANCE

Wednesday, November 4, 2015 - 12:45

• For the first time ever, retail finance will be offered by Lotus to customers in France
• Dealers will benefit from wholesale finance provided by CGI Finance
• Lotus car sales in France have increased by 177% for the last financial year

Lotus is pleased to announce a new collaborative partnership with CGI Finance to provide financial services to Lotus dealers and retail finance to Lotus customers in France.

The partnership between Lotus Cars and CGI Finance, part of the Société Générale Group, will enhance the wholesale financial offering for dealers in what is considered a hugely important and influential market. It also marks an improved offering of financing and leasing products to customers in France, where there is strong demand for new models such as the new and highly anticipated Evora 400, which recently made its French debut at the Salon Automobile de Lyon to much acclaim.

Jean-Marc Gales, Chief Executive Officer for Group Lotus plc, stated, “We have 15 Lotus dealers in France and they are very successful for Lotus. We are pleased to offer further support to our dealer network with a complete range of financial products to improve the customer offering. We are experiencing strong demand for new models such as the Evora 400 in the French market and now with a new partnership with CGI Finance, we will be able to offer customers inFrance more options to finance their next Lotus sports car.”

Dennis Verlinde, Head of Car Finance, CGI Finance said, “We have comprehensive experience in the field of providing financial services for the premium automotive market in France. We will undertake many activities in collaboration with Lotus as we further develop our financial products for the future Lotus customer”

Since 1948, Lotus has been producing iconic, hand built, pure sports cars with benchmark handling. Over the last two years, global sales figures have risen by 55% and the number of dealers worldwide has increased from 138 in May 2014 to 202 currently. Lotus has focussed efforts in France in recent years and has benefitted from a sales increase of 177% for the last financial year. There are also plans to increase the number of dealerships in Franceby the end of 2015, to further strengthen Lotus’ position in the market.