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Written by Vijay Pattni
Chinese car giant Geely is reportedly considering investing 1.5bn into reviving one of the car world"s most cherished brands: Lotus. A Bloomberg report states the investment by Geely which bought Lotus in May last year, and Volvo back in 2010 will be used to expand the sports car company"s Hethel plant and more. Lotus has recently been stabilised and turned into a profitable company for the first time in its history, under former CEO Jean-Marc Gales. He left the company a couple of months back.
Date written: 14 Aug 2018
More of this article on the Top gear website
ID: 12930
Chinese car giant Geely is reportedly considering investing 1.5bn into reviving one of the car world"s most cherished brands: Lotus. A Bloomberg report states the investment by Geely which bought Lotus in May last year, and Volvo back in 2010 will be used to expand the sports car company"s Hethel plant and more. Lotus has recently been stabilised and turned into a profitable company for the first time in its history, under former CEO Jean-Marc Gales. He left the company a couple of months back.
Date written: 14 Aug 2018
More of this article on the Top gear website
ID: 12930
