Tag Archives: Proton

China’s Geely completes acquisition of Lotus

Zhejiang Geely Holding Group in May agreed to purchase 51 percent of Lotus, giving the Chinese automaker a sports car brand to sit alongside its other brands which include the likes of Volvo, Lynk & Co. and Geely. Geely Holding on Friday closed the deal which sees the remaining 49 percent of Lotus go to Malaysian supplier Etika Automotive. Lotus CEO...

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Geely agrees to purchase major stake in Lotus, Proton

China's Zhejiang Geely Holding Group, the company that owns the Volvo, Lynk & Co and Geely car brands, on Wednesday agreed to purchase 49.9 percent of Lotus parent company Proton from current owner DRB-Hicom. As part of the deal, Geely will also purchase a 51 percent stake in Lotus. Terms...

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Proton reveals rally car

Malaysian automaker Proton has decided to go rally racing. Proton, which owns Lotus, commissioned British motorsports and engineering firm Mellors Elliot Motorsport (MEM) to develop a car for the World Rally Championship 2 (WRC2) series. The series, which uses the same stages as the World Rally...

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