- Jan 23, 2012
- Frankfurt am Main, DE & Toronto, ON
Lotus is one of the most storied names in the auto industry. Founded by Colin Chapman, it was renowned for its lightweight cars. Lotus and Ford collaborated a lot in the 1960s, developing cars, both on and off the track. After Chapman died in 1982 Lotus went through a variety of different owners, including General Motors, a private investment group and Proton, the Malaysian automaker. Then Chinese automaker Geely bought Proton, and now Lotus is moving its global headquarters to Wuhan, China. It’s also building an assembly plant there with the capability of making 150,000 electric cars a year. And it just signed a deal with NIO to develop high end EVs. Lotus is respected globally for its engineering prowess. But it’s never been financially successful as an automaker. Now we’ll have to wait and see if Geely can make a go of it.