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44-535: The chassis of the Hafei Lobo is sourced from British company Lotus . The design shares similarities with the 1999 Pininfarina Metrocubo concept. In Russia , its name is Hafei Brio. In Sri Lanka, the car is marketed as Micro Trend by Micro Cars Limited . In Malaysia , the car is marketed as the Naza Sutera from Naza . In Thailand , Naza Sutera from Malaysia is marketed as Naza Forza . The Hafei Lobo

88-520: A 91% stake in Group Lotus for £22.7 million, which allowed GM to legally force the company buyout. On 27 August 1993, GM sold the company for £30 million, to A.C.B.N. Holdings S.A. of Luxembourg , a company controlled by Italian businessman Romano Artioli , who also owned Bugatti Automobili SpA . In 1996, a majority share in Lotus was sold to Malaysian car company Proton . Lotus Cars was awarded

132-594: A complete turnaround in the company's fortunes, for which he was dubbed "the saviour of Lotus." Despite having employed designer Peter Stevens to revamp the range and design two new concept cars, by 1985 the British investors recognised that they lacked the capital to fund production and sought to find a buyer. In January 1986, Wickins oversaw the majority sale of the Group Lotus companies and 100% of North American–based LPCI to General Motors . After four months, Toyota sold GM its stake. By October 1986, GM had acquired

176-648: A heart attack on 16 December 1982 at the age of 54. At the time, both Chapman and Lotus were linked to the DeLorean Motor Company scandal regarding the use of UK Government subsidies for the production of the DMC DeLorean , for which Lotus had designed the chassis. Chasing large sums of money that had disappeared from the DeLorean company, Lotus was besieged by Inland Revenue inspectors, who imposed an £84 million legal "protective assessment" on

220-409: A joint venture with Renault–Nissan–Mitsubishi Alliance and its Alpine division to develop a range of electric performance cars sharing some of their future platforms. In April 2021, Lotus announced plans to produce only electric cars by 2028 and increase production numbers from around 1,500 per annum to tens of thousands. Geely and Etika Automotive provided two billion pounds (US$ 2.8 billion) to fund

264-645: A mere 383. This situation resulted from the worldwide economic recession combined with the virtual collapse of sales in the American market and limited development of the model range. In early 1982, Chapman forged an agreement with Toyota to exchange intellectual property and applied expertise. As a result, Lotus Engineering helped develop the Mk2 Toyota Supra , also known as the Toyota Celica XX . The partnership also allowed Lotus to launch

308-454: A modern automobile produced after 1975 is a stub . You can help Misplaced Pages by expanding it . Lotus Cars Lotus Group (also known as Lotus Cars , and trading as Lotus NYO in China ) is a British multinational automotive manufacturer of luxury sports cars and electric vehicles. Lotus Group is composed of three primary entities. Lotus Cars , a high-performance sports car company,

352-484: A personalised Lotus Turbo Esprit, the new American company, Lotus Performance Cars Inc. (LPCI), was able to provide fresh capital to Group Lotus in the United Kingdom. Former Ferrari North America general manager John Spiech was recruited to run LPCI, which imported the remarkable Giugiaro -designed Turbo Esprit for the first time. American sales began to quickly jump into six figures annually. Chapman died of

396-473: Is a former World War II airfield, RAF Hethel , and the test track uses sections of the old runway. In its early days, Lotus sold cars aimed at private racers and trialists. Its early road cars could be bought as kits in order to save on purchase tax . The kit car era ended in the late 1960s and early 1970s, with the Lotus Elan Plus Two as the first Lotus road car not offered in kit form, and

440-511: Is available with the following two gasoline -powered engines: A facelift was introduced for the 2010 model year of the Lobo, and another minor update in 2011 with the actual model being launched in 2012. The facelifted Lobo features a restyled front fascia heavily resembling the second generation Toyota Yaris hatchback , and production ended after the 2011 model year. Safety: the hafei lobo drove at 20 miles and crashed safely. This article about

484-723: Is based in Hethel , Norfolk . Lotus Tech , an all-electric lifestyle vehicle company, headquartered in Wuhan , China, and operates regional facilities in the United Kingdom, the Netherlands, and Germany. Additionally, Lotus Engineering , an engineering consultancy firm, is headquartered at the Lotus Advanced Technology Centre (LATC) located at the University of Warwick's Wellesbourne Campus. Lotus

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528-411: Is the holding company of Lotus Group Plc. Kimberley retired as CEO on 17 July 2009, replaced on 1 October 2009 by former Ferrari executive Dany Bahar . Bahar intended to drive the brand into the expanding global luxury-goods sector and away from the company's traditional lightweight simplicity and pure driving-experience focus. Bahar was suspended on 25 May 2012 while an investigation into his conduct

572-622: The 1.8L VVTL-i I4 from Toyota's late Celica GT-S and the Matrix XRS . Michael Kimberley, who had been a guiding figure at Lotus in the 1970s, returned as acting chief executive officer in May 2006. He chaired the executive committee of Lotus Group International Limited (LGIL), established in February 2006 with Syed Zainal Abidin (managing director of Proton Holdings Berhad) and Badrul Feisal (non-executive director of Proton Holdings Berhad). LGIL

616-727: The EMAS concept from its parent company Proton, and likely to be primarily built by Proton in Malaysia. This car has also been cancelled. Lotus CEO at the time Jean Marc Gales confirmed in 2017 that development of an SUV is currently under way, after the company was acquired by the Chinese automotive manufacturer, Geely. In July 2019 Lotus revealed the Evija, a 1,470 kW (2,000 PS; 1,970 hp) and 1,700 N⋅m (1,254 lb⋅ft) electric supercar . In January 2021, Lotus teased that

660-513: The Elise , Exige , and Evora would be discontinued and be replaced by the Type 131 which had yet to be released at the time of announcement. In July 2021, Lotus revealed that this new model is called Emira . In November 2021, Lotus teased the future introduction of the future Type 132 SUV, later named as Eletre . Purchase tax The Purchase Tax was a tax levied between 1940 and 1973 on

704-652: The KV team in the IndyCar Series and the ART team in the GP2 and GP3 Series in 2011 and 2012. After fielding underpowered and uncompetitive engines in the 2012 Indianapolis 500 , in which drivers Jean Alesi and Simona de Silvestro were black-flagged after ten laps for failing to maintain a competitive pace, Lotus was released from its contract and did not participate in future seasons. Current Lotus models include: At

748-758: The Lotus 900 series , and later a V8 , and turbocharged versions of the engines appeared in the Esprit. Variants of the 900-series engine were supplied for the Jensen Healey sports car and the Sunbeam Lotus "hot hatchback". In the 1980s, Lotus collaborated with Vauxhall Motors to produce the Lotus Carlton , the fastest roadgoing Vauxhall car. By 1980, Group Lotus was in serious financial trouble. Production had dropped from 1,200 units per year to

792-580: The Lotus Eclat and Lotus Elite of the mid-1970s were offered only in factory-built versions. After the Lotus Elite of the 1950s, which featured a complete fibreglass monocoque fitted with built-in steel pickup points for mounting major components, Lotus found critical and sales success in the 1960s with the Lotus Elan. This two-seater was later developed to two-plus-two form (Elan +2S). Lotus

836-534: The Queen's Award for Enterprise for contribution to international trade, one of 85 companies receiving the recognition in that category in 2002. Lotus cars wore the badge of the award for several years. On 24 May 2017, Chinese multinational Geely announced that it was taking a 51% controlling stake in Lotus. The remaining 49% was acquired by Etika Automotive , a holding company of Proton's major shareholder Syed Mokhtar Albukhary . In January 2021, Geely announced

880-643: The 2010 Paris Motorshow, Lotus announced five new models to be introduced over the next five years: Their intention was to replace the Elise with an entirely different model, as well as to introduce two entirely new sports coupes, which would have been known as the Elite and the Elan, a new sports saloon, the Eterne, to rival the Aston Martin Rapide and Maserati Quattroporte , and a modern interpretation of

924-529: The Esprit supercar. It became apparent in July 2012 that the firm's financial difficulties had made this plan impossible to implement, and initially all but the Esprit project were cancelled. Subsequently, the Esprit project was also cancelled. Lotus also showed an unnamed city car concept using its 1.2L range-extender engine. In 2011, Lotus revealed this as the Lotus Ethos , a plug-in hybrid car based on

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968-568: The European market, which paired a backbone chassis and lightweight body with a mid-mounted Renault engine, later upgraded to the Lotus-Ford twin-cam unit as used in the Elan. The Lotus Seven , originating in the 1950s as a simple, lightweight open two-seater. continued in production into the early 1970s. Lotus sold the rights to produce the Seven to Caterham , which has continued to produce

1012-714: The FIA Historic Formula One Championship . It also preserves the Team Lotus archive and Works Collection of cars, under the management of Colin Chapman's son Clive. Team Lotus's participation in Formula One ended after the 1994 season , when the team's cars were no longer competitive. Cars constructed by the team won a total of 79 Grand Prix races. Former racing driver David Hunt (brother of F1 world champion James Hunt ) purchased

1056-717: The Formula One World Championship seven times. Notable Lotus cars include the Lotus Seven , the Elan , the Esprit and the Elise . The company was formed in 1952 as Lotus Engineering Ltd. by Colin Chapman but had earlier origins in 1948 when Chapman built his first trials car in a garage. The four letters in the middle of the logo represent Chapman's full name, Anthony Colin Bruce Chapman. When

1100-449: The Team Lotus name, but Group Lotus had sole right to use the Lotus name. As a consequence, for 2012 Lotus Renault GP was rebranded as Lotus F1 Team and its entries were badged as Lotus cars, while Team Lotus was renamed Caterham F1 Team (after the sportscar manufacturer owned by team principal Tony Fernandes ) and its cars were badged as Caterhams. Group Lotus was also involved in several other categories of motorsport. It sponsored

1144-490: The business is divided into Lotus Cars and Lotus Engineering. In addition to manufacturing sportscars, the company also acts as an engineering consultancy, providing engineering development—particularly of suspensions —for other car manufacturers. Lotus's powertrain department is responsible for the design and development of the four-cylinder Ecotec engine found in many of GM's Vauxhall , Opel , Saab , Chevrolet and Saturn cars. The American Elise and Exige models used

1188-485: The car since then. By the mid-1970s, Lotus sought to move upmarket with the launch of the Elite and Eclat models, four-seaters aimed at prosperous buyers, with features such as optional air conditioning and automatic transmissions. The mid-engine line continued with the Lotus Esprit , which became one of the company's longest-lived and most iconic models. Lotus developed its own series of four-cylinder DOHC engines,

1232-430: The changes. Lotus Technology, the electric-vehicle division of Lotus. which has a different ownership structure (30% by Etika and the rest by Geely and Nio Capital), was listed on Nasdaq in February 2024, following the completion of a merger with a special-purpose acquisition company affiliated with L Catterton . After the listing, 10.3% of shares are held by the public. Currently organised as Group Lotus Limited,

1276-650: The company. At the trial of Lotus accountant Fred Bushell, the judge insisted that had Chapman lived, he would have received a sentence "of at least 10 years." With Group Lotus near bankruptcy in 1983, David Wickins , the founder of British Car Auctions , agreed to become the new company chairman through an introduction by his friend Mark Thatcher . Taking a combined 29% BCA/personal stake in Group Lotus, Wickins negotiated with Inland Revenue and recruited new investors: merchant bank Schroeder-Wagg (14%), Michael Ashcroft 's Bermudian operating company Benor (14%) and Sir Anthony Bamford of JCB (12%). Wickins oversaw

1320-658: The creation of Lotus Renault GP, the successor to the Renault F1 team. This team contested the 2011 season having purchased a title sponsorship deal with the team, with the option to buy shares in the future. The team's car for that season, the R31 , was badged as a Renault, while Team Lotus's car, the T128 , was badged as a Lotus. In May 2011, the British High Court of Justice ruled that Team Lotus could continue to use

1364-563: The drivers' title went to Jackie Stewart of Tyrrell . Chapman saw Lotus beat Ferrari as the first marque to achieve 50 Grand Prix victories, even though Ferrari had won its first nine years sooner. Until the late 1980s, Team Lotus continued to be a major player in Formula One. Ayrton Senna drove for the team from 1985 to 1987, winning twice in each year and achieving 17 pole positions. Team Lotus established Classic Team Lotus in 1992, which continues to maintain Lotus F1 cars and run them in

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1408-423: The licence for future seasons as a result of what it called "flagrant and persistent breaches of the licence by the team." Lotus Racing then announced that it had acquired Team Lotus Ventures Ltd, the company led by David Hunt, and with it full ownership of the rights to the Team Lotus brand and heritage. The team confirmed that it would be known as Team Lotus from 2011 onward. In December 2010, Group Lotus announced

1452-662: The logo was created, Chapman's original partners Michael and Nigel Allen were allegedly told that the letters stood for Colin Chapman and the Allen Brothers. The first factory was situated in old stables behind the Railway Hotel in Hornsey , North London. Team Lotus , which was split from Lotus Engineering in 1954, was active and competitive in Formula One racing from 1958 to 1994. The Lotus Group of Companies

1496-510: The marque's first Grand Prix in 1960 at Monaco . Moss drove a Lotus 18 entered by privateer Rob Walker . Major success came in 1963 with the Lotus 25 , which, with Jim Clark driving, won Team Lotus its first F1 World Constructors' Championship . Clark was killed in April 1968 when the rear tyre of his Formula Two Lotus 48 failed while making a turn at a race in Hockenheim . His death

1540-506: The name Team Lotus and licensed it to the Formula One team Pacific Racing , which was rebranded Pacific Team Lotus. The Pacific Team folded at the end of the 1995 season. The Lotus name returned to Formula One for the 2010 season , when a new Malaysian team called Lotus Racing was awarded an entry. The new team used the Lotus name under licence from Group Lotus and was unrelated to the original Team Lotus. In September 2010 Group Lotus, with agreement from its parent company Proton, terminated

1584-597: The new Lotus Excel to replace the ageing Lotus Eclat . Using drivetrain and other components build by Toyota enabled Lotus to sell the Excel for £1,109 less than the outgoing Eclat. Looking to reenter the North American market, Chapman was approached by young law professor and investment banking consultant Joe Bianco, who proposed a new and separate American sales company for Lotus. By creating an unprecedented tax-incentivised mechanism by which each investor received

1628-429: The undersurface of the car to create downforce . It invented active suspension and was the first to move radiators to the sides of the car to improve aerodynamic performance. Formula One Drivers' Championship winners for Lotus were Jim Clark in 1963 and 1965, Graham Hill in 1968, Jochen Rindt in 1970, Emerson Fittipaldi in 1972 and Mario Andretti in 1978. In 1973, Lotus won the constructors' championship only;

1672-525: The wholesale value of luxury goods sold in the United Kingdom . Introduced on 21 October 1940, with the stated aim of reducing the wastage of raw materials during World War II , it was initially set at a rate of 33.33%. The tax was subsequently set at differing rates dependent upon individual items' degree of "luxury" as determined by the government of the day. The 33.33% rate was increased to 66% for cars costing over £1,000 in 1947 and this rate

1716-453: Was a severe blow to the team and to Formula One, as he had been the dominant driver of Lotus's early years. That year's championship was won by Clark's teammate Graham Hill . Team Lotus is credited with making the mid-engine layout popular for IndyCars , developing the first monocoque Formula One chassis and integrating the engine and transaxle as chassis components. Team Lotus was among the pioneers in Formula One in adding wings and shaping

1760-545: Was formed in 1959. This was composed of Lotus Cars Limited and Lotus Components Limited, which focused on road cars and customer competition-car production, respectively. Lotus Components Limited became Lotus Racing Limited in 1971, but the newly renamed entity ceased operation that same year. The company moved to a purpose-built factory at Cheshunt in 1959, and since 1966 it has occupied a modern factory and road test facility at Hethel , near Wymondham in Norfolk . The site

1804-411: Was founded and owned for many years by Colin Chapman . After his death and a period of financial instability, it was bought by General Motors , then Romano Artioli and then DRB-HICOM through its subsidiary Proton , which owned Lotus from 1996 to 2017. Lotus is currently majority-owned by Chinese multinational Geely . Lotus was previously involved in Formula One racing, via Team Lotus , winning

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1848-481: Was notable for its use of fibreglass bodies, backbone chassis and overhead camshaft engines, initially supplied by Coventry Climax but later replaced by Lotus-Ford units ( Ford block, Lotus head and twin-cam valve gear). Lotus also worked with Ford on the Lotus Cortina , a successful sports saloon . Another Lotus of the late 1960s and early 1970s was the two-seater Lotus Europa , initially intended only for

1892-539: Was replaced by Feng Qingfeng from Lotus Group's parent company, Geely. October 2018 saw further senior personnel changes as Phil Popham was named CEO of Lotus Cars, with Qingfeng remaining in charge of Group Lotus. In January 2021, Matt Windle was appointed managing director of Lotus Cars after Phil Popham resigned. In its early days, the company encouraged its customers to race its cars, and it first entered Formula One through its sister company Team Lotus in 1958. A Lotus Formula One car driven by Stirling Moss won

1936-461: Was undertaken. On 7 June 2012, Lotus announced the termination of Bahar and the appointment of Aslam Farikullah as the new chief operating officer. The ambitious plans for several new models were cancelled following Bahar's departure. Jean Marc Gales became CEO in 2014, and in 2017, he enabled the company to achieve its first profit in decades. Gales left the company in June 2018 for personal reasons and

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