Geely

Volvo is planning on reducing fixed costs by 2 billion Swedish kronor. That sounds like a lot, but it’s only about $214 million. While not the largest restructuring plan currently being conducted within the automotive industry, it’s a significant chunk of ch…

The first car to be unveiled by the British automobile-maker since it got acquired by China-based Geely, the Evija is reassurance that all is well at Lotus. Pronounced E-vee-ya, the car comes with a stunning spec sheet, price tag, and a design to match. The c…

Lotus has finally revealed its new halo vehicle, the Evija, claiming it will become “the world’s most powerful production car.” However, due to the Evija’s extremely limited availability and 1.7 million-pound ($2.1 million) price, there’s a lot undercutting …

Lotus on Tuesday unveiled an electric hypercar called the Evija, a 1,973-horsepower beast developed with Williams Advanced Engineering and on track for delivery in 2020. Just 130 examples will be built, but Lotus will soon follow it up with more EVs. In fact…

Asian markets slipped in early trading Wednesday as trade tensions between the U.S. and China rose to the forefront again. Following reports Monday that trade negotiations could resume soon, President Donald Trump threw water on investors optimism Tuesday, s…

Internally known as the Type 130, the new Lotus Evija combines several firsts for the British company into one wild shape. First of all, its the companys first in-house all-electric car the Lotus chassis provided to the likes of Tesla for the first Roadster d…

LONDON (Reuters) - British sports car maker Lotus revealed its pure electric “hypercar” on Tuesday, the first completely new vehicle to be launched under the stewardship of Chinese firm Geely which acquired a majority stake in 2017. The Evija, to be produce…

For those of you who are not that familiar with the Chinese car market, Geely has been selling the Bo Yue compact SUV there since 2016. Also known as the Emgrand X7 Sport in South America, the Peter Horbury-designed SUV is one of Geelys most successful model…

Then, two years ago, Geely moved to purchase a 49% stake in Malaysian maker Proton, and a majority 51% in its Lotus subsidiary. The strategic logic behind the Proton move was obvious, giving Geely access to the heavily protected Malaysian market but also extr…

Torsten Dettlaff As the old saying goes, you cant tell the players without a scorecard, and nowhere is that more true than in the auto industry. In recent decades weve seen brands come and go and change hands, sometimes several times over. Jaguar, for exampl…