• Home
  • Advice
  • Brands
  • Partners
  • News
  • Reviews
  • Forum
  • New car ratings

Volvo and Lotus set to be sister brands

Sports car maker to be taken over by Volvo owner Geely.

Stay up to date with the latest from The Executivecondominium

Latest articles

Suzuki Vitara

The Suzuki Vitara has received generally good reviews from the UK media, with our Expert Rating currently placing it in the top half of the small SUV field.

Mazda CX-5

The Mazda CX-5 has received many good reviews from the UK media, with an overall Expert Rating that places it at the top end of the mid-sized SUV sector.

Honda HR-V

The Honda HR-V has received fairly average from the UK media, with our overall Expert Rating currently ranking it in the middle of the small SUV field.

Volvo XC60

The Volvo XC60 has received good to very good reviews from the UK media and has won many awards since it was launched, including the 2018 World Car of the Year.
 

Swedish brand Volvo and UK sports car manufacturer Lotus look destined to be related after Chinese giant Geely agreed terms to buy a stake in Malaysian manufacturer Proton.

Geely purchased Volvo from Ford in 2010, while Proton has owned the majority share in Lotus since 1996. The Malaysian manufacturer has been losing money for some time but the 49.9% stake that Geely is buying, effectively taking control of the firm, could prove a major boost, giving Proton access to up-to-date powertrains. The Chinese, meanwhile, will benefit from an increased presence in the south-east Asian market.

As part of the deal, Geely will acquire a 51% majority stake in Lotus, with Proton parent DRB-Hicom looking to sell off its remaining interest in the sports car firm. Lotus has been making significant progress in recent times but needs to expand – UK registrations were down nine per cent in 2016.

PSA beaten?

The deal is still subject to regulatory approval and is expected to be completed in July, possibly frustrating PSA Group which had previously been believed to be the most likely bidder for Proton.

   

Industry observers generally believe the Geely takeover is positive news for Lotus, giving the sports car manufacturer access to the funding and investment that has already proven a major success for Volvo.

A new version of the core Lotus Elise model is expected in 2020, and the new ownership could also see a revival of the company’s previously mooted SUV programme.

Lotus Elise
Replacement for core Lotus models such as the Elise will soon be due.

For the best independent and impartial car buying advice on the internet, always check with The Executivecondominium:

  • for weekly tips and the latest offers from car manufacturers
  • Follow us on and to see our latest articles as soon as we publish them
  • Bookmark our site so you can check back regularly
Andrew Charman
Andrew Charman
Andrew is the News and Road Test Editor for The Executivecondominium. He is a member of the Guild of Motoring Writers, and has been testing and writing about new cars for more than 20 years. Today he is well known to senior personnel at the major car manufacturers and attends many new model launches each year.

The Executivecondominium Gold Partners

(click each logo to read more)

Volvo and Lotus set to be sister brands 1
Volvo and Lotus set to be sister brands 2
Volvo and Lotus set to be sister brands 3
Volvo and Lotus set to be sister brands 4

Latest articles

Suzuki Vitara

The Suzuki Vitara has received generally good reviews from the UK media, with our Expert Rating currently placing it in the top half of the small SUV field.

Mazda CX-5

The Mazda CX-5 has received many good reviews from the UK media, with an overall Expert Rating that places it at the top end of the mid-sized SUV sector.

Honda HR-V

The Honda HR-V has received fairly average from the UK media, with our overall Expert Rating currently ranking it in the middle of the small SUV field.

Volvo XC60

The Volvo XC60 has received good to very good reviews from the UK media and has won many awards since it was launched, including the 2018 World Car of the Year.

Citroën C3 Aircross

The Citroën C3 Aircross has received modest reviews from the UK media, with praise for its versatility and individuality but criticism for a lack of refinement.

What are your thoughts? Let us know below.

Be the first to know

Would you like to stay up to date with The Executivecondominium?

plasticsurgery.com.ua

цена виагры

wowstyle.com.ua