But when it comes to cash, the Chinese automaker has plenty of that to burn, and it appears that Geely is seriously thinking about pulling a Volvo on Lotus. “We are making plans; we want to bring back the heritage of Lotus to be one of the top performers in the luxury sports car segment,” further added Cong Hui, who’s been heading Geely since December 2011.
Work has started on a new Lotus SUV, but Geely hasn’t greenlit the project yet. We don’t imagine it will have much trouble passing through the various stages, especially given how ravenous buyers are for SUVs at the moment. Geely also owns Volvo, so the Compact Modular Architecture used in the XC40 could make an appearance. The Lotus touch will come in the lightness, not an easy feat given the XC40 weighs 1684kg.
Sure, it might not be the Lotus of yesterday but the company’s new Chinese overwatch has said it still has big plans for the brand. Based on its handling of London Taxi and Volvo, we haven’t been overly concerned. But we have been hoping the parent company would elaborate on what that might entail.