Chinese Car Maker & Volvo’s Parent, Geely Is Buying Lotus And Part Of Proton

Posted by: Mr. Cis || Categories: tech

After taking over Volvo, Geely is still expanding its portfolio. They recently announced they are buying majority shares in Lotus which is a British sports car manufacturer. Geely will also acquire nearly half of Malaysian automaker Proton.

At the same time, Geely is in the process of launching the new Lynk & Co brand which would be the most connected car with free Wi-Fi and integrated car sharing services.

This arrangement will put Lotus under new ownership for the 5th time in about 3 decades.

Autojosh