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Can't complain, Geely have done reasonably well with Volvo and even infused some excitement (re: Polestar models). Lots of support for Proton but no mention of plans for the orphan wizard living under the stairs, Lotus.

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Selling 6 cars instead of 5 in China would be a 20% increase. There really is nothing to celebrate at this moment in time beyond Lotus's survival but hopefully it will start to make some kind of sense

Maybe, time will tell. I am starting to think that I am out of kilter with the majority (nothing new there I suppose) but all this talk of electric, luxury, etc and I can't help but feel we are going

Having spoken to a few of the long time Lotus guys still at Hethal i can confirm my LOVE for Lotus is back on the straight and narrow, Jaguars/McLarens are not for me!  I just need to have more p

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I'm hoping for the best. 

It appears an announcement is now imminent as DRB-Hicom has asked for Proton's stock trade suspension.

The only real thing I want is for the FSP to get Lotus out of Proton's hands out right. 

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I'm pretty confident.... you need someone with big pockets, lots of enthusiasm to revive flame...Chinese are hard workers, proud, cash rich and willing...... plenty of amazing new and improved models ahead.... it's the first time they put their hands on a sports car manufacturer...... they won't f....k it up ....

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Autocar also have a brief article about it https://www.autocar.co.uk/car-news/new-cars/geely-tipped-buy-controlling-stake-proton

I think Geely have done a good job with Volvo - and I'm hopeful that they do an equally good job with Lotus - whilst I didn't think PSA would know what to have done with them.

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88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport

Evora NA

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Well let's not get carried away. JMG will need to prove he can deliver the goods on new terms. And a lot of stuff will need to be reassessed... Group Lotus PLC shareholding structure first off and then Lotus cars supplying deals with Toyota will require some time and a lot of diplomacy convincing the new owners that the SUV project is viable and necessary will also be key and getting an immediate cash injection would be much welcomed.

Getting access to Volvo cabin tech would be amazing, Geely investing in Lotus engine tech one way or another would be cherry on top. I'm very curious as to what will materialise hopefully Lotus will be wholy owned by Geely. Proton is set to use Geely/Emgrand platforms and Geely could apply maximum pressure in China to get the Lotus moniker back from Youngman. 

I wonder how JMG is doing/feeling these days?

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FT article says they'll own more than 50% but less than 75% of Lotus. 

88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport

Evora NA

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Thanks for the info. That would still make them the first shareholder and decision maker with DRB-Hicom retaining a minority share what I would hate would be for Lotus to be a secondary subsidiaries thru proxy. 

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Let's hope it doesn't derail the work JMG and the crew are doing at Hethel at the moment, Considering the shoe string budget they have, they are over performing but we are still supposed to get a new Cup250 launch or will it be Cup260 very soon  around Goodwood and an Evora variant probably the Race460 by years end if they maintain the current pace.

https://www.ft.com/content/19c854fc-3fcc-11e7-9d56-25f963e998b2

Edited by NedaSay
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Does anybody know how long Lous has a engine supply contact with Toyota? The next years will be f u l l of Suspension for Lotus I guess, Volvo ist doin generally fine if we could trust the moto-journ. (;-) )

As Volvo is not known for a wide range of engine lately (only 4pots I believe, but to be fair, rated very high, esp the "Polestar

https://www.polestar.com/de/2016/12/12/polestar-wins-wards-10-best-engines-award-for-s60-and-v60-polestar/ ) we will have to see what will be in future cars of Lotus......

@Bravo73 Yip, you might have stressed a Point......

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http://www.thestar.com.my/business/business-news/2017/05/24/drb-hicom-to-sell-49pt9pct-in-proton-to-geely-holding/

 

More info on Lotus ownership split from the Malaysian Star

 

The deal will also see Proton exiting its stake in British carmaker Lotus. Geely is taking a 51% stake in Lotus and Etika Automotif Sdn Bhd the other 49%.
 

Who are EASB who have bought the other 49% of Lotus from Proton?

 

 

And more from Paul Tan

https://paultan.org/2017/05/24/geely-to-acquire-49-9-percent-stake-in-proton-51-percent-in-lotus/

We also aim to unleash the full potential of Lotus Cars and bring it into a new phase of development, thanks to our experience accumulated through Volvo Car’s revitalization

Edited by webfoot
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Out of interest I was looking at JMG on LinkedIn a while ago and noticed it seemed most of his tenatures have been around 2.5/3 years and certainly no longer, he joined Lotus May 2014.

Thanks for pasting that. That article also says:

"As part of the deal, Geely would also buy the entire stake in Lotus, British sports carmaker from Proton"

1982 DeLorean DMC 12 #16327, 1999 Lotus Elise, 1998 Lotus Esprit GT3 #2272, 2011 Lotus Evora S, 2013 Lotus Exige S,2016 Lotus Evora 400

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Aye it's definately good news.   I sat in an XC90 this morning and if it's evidence of the good things that can happen under Geely ownership then i'm very confident in the future. 

I wouldn't write off Gales just get though - if they are serious about letting Lotus flourish then they won't want to change too much. 

Not many Chinese on the Volvo exec board for example....just a lot of Volvo people !

http://www.volvocars.com/intl/about/our-company/our-company-at-a-glance/executive-management-team

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Ah and i forgot i think it is safe to assume that the Goldstar deal is dead or will have its scope heavily revised the first Proton car to come from the purchase by Geely will be a Protonized Boyue SUV.  

Proton-Geely-slideshow-36-630x420.jpg

The Goldstar JV was all about getting to get a foothold in China and an SUV, well somehow Proton got both. Lotus may get to use the XC40/60 underpinings to prop their own SUV. 

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