Not long after reports surfaced that Chinese automaker Geely may be buying out Lotus, company chairman Li Shufu has clarified that Lotus’ parent company Proton was seeking a partnership with other companies, “but our conversations were just on the technological cooperation – we never talked about the purchase of equity.”
Besides auto manufacturing, the group’s engineering and consulting arm, Lotus Engineering has provided consulting services to other automakers in the past. While Li denied that his company had put forth any proposal to purchase Lotus, he suggested that Geely is interested in working with the British sportscar manufacturer in some capacity. “Of course we are facing different options,” Li said, without elaborating further.
Geely’s parent company, Geely Holding Group currently also owns Volvo and the London Taxi Company. Li said that there are currently no plans to add more brands to that list. Focusing on the Volvo-Geely partnership is a priority to increase their global presence and to improve efficiency, he said.
Looking to sell your car? Sell it with Carro.
hey Jib, you there tolong la jumpa Geely, tell him ambil lotus free proton ok.
Sell Campro engine tech 1st.
You pay for my salary, yet you can’t get my knowledge, wisdom and skills.
Maybe Geely can; if yes, they are good at doing business.
Money is not easy to earn, right?
Ouch, kena reject. That hurts
Sorry try harder Proton
Hahahahaha
Maybe Proton and Lotus shok sendiri
Proton and Lotus like to lie a lot to show they are happening. But globally, all car companies know both Lotus and Proton is junk status.
Nothing good comes from over-speculation. It will just create uncertainty and false hope. Good on Geely for responding so quickly, even when they didn’t have to.
Geely also don’t want the dying Lotus. only proton wants… sigh…. kutip brands that adds no value.
no wonder ask for government support.
Lotus dying? They are losing money yes, die no. Lotus is expected to turn profit in 2017. That the first time in 68 years. If DRB want to sell Lotus now they can sell at higher price.
Indeed.. Lotus market share at higher now.. Booking from USA at highest now for evora 400 and evora sport 410..
Speaker easy as head turner. Nothing change eventually worse.
typical Malaysian fall for tricks of Proton. They say can earn Profit only kampung dudes fall for it.
See lah the debts of Lotus…..few hundred million pounds lah.
You buy Lotus, you buy its debts. This not buying ikan kembung in pasar lah bro
Volvo – Handling by Lotus.
Maruah lebih penting dari segala-galanya. Is there any more maruah in Proton btw?
Okay…. glad to know Proton’s not too hard up. Even they know Lotus is their crown jewel… good.
Proton Juara is their crown jewel
A real car manufacturer should at least have its own engine and drive train. I doubt Lotus has either. Besides Lotus cars are hand made and glued together which also mean no manufacturing tech to steal. If I’m Geely, I would just ‘spanar’ Lotus engineers and Lotus will die. Why overpay for it?
You sounded as if Lotus uses UHU to stick their cars together.
Design of panels’ mating surfaces, selection of adhesive, preparation of bonding surfaces, pattern of adhesive application, curing of adhesive are just some of the challenges involved.
Making a car using steel is way easier than aluminium or composites, just in case you didn’t know.
Jual pun salah,
Tak jual pun salah.
Apamacem bashers?
#BasherLogicTakdeLogic
Close down won’t bash anymore.
Nope. Bashers like u will still bash
sell to china like how everything else is being sold. tak malu ke?
Why not u tanya Volvo Cars, malu ke tak malu?
Don’t have to sell Lotus to china, they just copy it and no one can do anything about it.
Geely knows it will get cheaper later
Just sell Lotus Share to Geely 10% to 20% max equity.. Lotus market share at higher now but Lotus still need collaboration with giant company to inject big amount of capital..