English sports car manufacturer Lotus is on its own again
Chinese car manufacturing group Geely seems to be withdrawing from Lotus Cars entirely /Lotus
Lotus Technology Inc. has announced that Geely, the majority owner of its vehicle manufacturing business Lotus UK, exercised its put option earlier this week to sell its 51% stake in the latter company back to the former company.
In other words, Geely steps out, and Lotus Tech has to buy back 51%
Comments
Ready to join the conversation?
You must be an active subscriber to leave a comment.
Subscribe Today