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Lotus could be sold to Chinese automaker Geely

Two things are constant throughout the history of Lotus Cars: amazing vehicles, and financial struggles. Frequent changes in both ownership and leadership have left the company's future up in the air. And while the new management has improved quality and set a new product plan in place, its seems that Lotus could have a new parent company soon. Despite comments to the contrary, Chinese automaker Geely is rumored to be interested in acquiring Lotus Cars. The British automaker has been owned by Proton since 1996, but after Proton was sold to DRB-Hicom in 2012 investors suggested selling off Lotus. The Star Online reports that PSA in France is rumored to be looking at purchasing Proton cars from DRB-Hicom. In turn, Geely, the parent company of Volvo, is interested in purchasing Lotus from Proton. The report states that Geely has no interest in mass-market vehicles from Proton, while crossover-focus PSA, owner of Peugeot and Citroen, has no interest in a sports car manufacturer like Lotus. China has been encouraging its native automakers to purchase and acquire technology it lacks. Buying Lotus looks like it would benefit both companies. Lotus needs an influx of cash while Geely, looking to compete further on the global stage, would gain a great deal of technical and engineering knowledge from Lotus. Geely's stewardship of Volvo has been mostly hands-off, while giving the Swedish company enough money to invest in new platforms and technologies. If the same were to happen to Lotus, Colin Chapman's company could have its best years ahead of it. Related Video: News Source: The Star Online via Car BuzzImage Credit: Getty Rumormill Lotus Volvo Citroen Peugeot Lightweight Vehicles Performance Supercars Geely

Lotus Type 132 gets another teaser in before debut

Lotus has teased the Type 132 for what could be the final time before the battery-electric crossover debuts next Tuesday, March 29. Swinging for the fences with a special guest star that would help forestall the inevitable discord about Lotus making what will be a weighty crossover, Lotus enlisted Clive Chapman, son of company founder and legend Colin. Clive mentions Colin keeping a practical family car in addition to some variety of orthodox Lotus sports car, and says he thinks his father would have loved the chance to design something like the Type 132. Perhaps it's true. Yet, although Clive mentions practicality and towing and farming and a popular explosion of four-wheel-drive vehicles in the 1970s, Colin is never shown with one in the video. The best Colin does for practical is a Lotus Eclat, which everyone, even today, would likely accept as Lotus' version of a family car.  The video does offer one unquestionably honest bit, which is a silhouette of the Type 132. It's going to be sharp and racy, no doubt about that, and we like the look of it. Separate to the video, additional honest views of the Type 132 have been uncovered in another set of patent images. The Australian patent office let slip renderings of the CUV's exterior early this month, Spanish outlet Cochespias landed on images of the interior placed with a different patent office. They show some expected EV features like a flat floor and a two-level center tunnel with a floating console up top. They show us some expected luxury features like shapely and powered front sport seats, powered rear seats, and a full-width climate control vent design in front. They show some unexpected inclusions like a what appears to be a giant glove box door, and rear seat surfaces that could be a toss-up for comfort — but of the shut lines are accurate, those seats fold down in ways to make the most of the load bay. There's a large infotainment screen that allegedly lies flat on the instrument panel when not in use. And note what might be two cupholders on the center console, one of which might be tiny.  The slim extensions on the exterior views from earlier this month weren't just conceptual. The door panel in the interior renderings shows a blank square ahead of a speaker that should be a screen displaying the feed from the side camera. If anything, the only thing the drawings leave out is how long the vehicle appears to be, based on spy shots of the Type 132 testing in China last month.

Lotus Eletre specs, pricing and more detailed for European launch

Lotus revealed the Eletre in full last year, and while details were plentiful back then, the British sports car company has a lot more for us today in the realm of specs and pricing. Unfortunately, we don’t have a full layout of U.S. specs and pricing yet, but we can get a good idea of what to expect by looking at the European-market model. Three different versions will hit the market at launch: Eletre, Eletre S and Eletre R. Performance is the same between the Eletre and Eletre S (the S simply adds more luxury equipment), but the R is a unique, high-performance variant. For starters, the base model and S will have an electric motor on the front and rear axles good for a combined 603 horsepower and 524 pound-feet of torque. Lotus says that will be enough for a 4.5-second 0-62 mph time and a 160-mph top speed. Driving range on the WLTP cycle is estimated to be 373 miles for these versions, but expect that number to be down when EPA estimates come out.  The Eletre R notches performance up by a wide margin. Its pair of electric motors produce a combined 905 horsepower and 726 pound-feet of torque, but thereÂ’s a little more than just more powerful motors going on here. Unlike the single-speed transmission the base models use, the Eletre R uses a two-speed transmission for the rear electric motor and a single-speed transmission on the front axle. Lotus says this allows them to optimize the car for ideal launch performance and to improve range at higher speeds. The shifts themselves are automatic. Lotus says the R is capable of doing the 0-62 mph sprint in just 2.95 seconds, and it has a slightly higher top speed of 165 mph. Despite the two-speed transmission, range still takes a sizable hit down to just 304 miles on the optimistic WLTP cycle. We also learn today that the Eletre will house a 112 kWh lithium-ion battery pack in all versions of the SUV. Lotus says it features a maximum charge speed of 350 kW on a capable DC fast charger, which is quick enough to bring you from 10-80% in just 20 minutes. AC charging maxes out at 22 kW, which would allow you to go from 0-100% on your home charger in just six hours. The last big spec Lotus shared today is curb weight. If you opt for the base model with no options, the Eletre can weigh as little as 5,489 pounds. And yeah, thatÂ’s obviously a wild amount of weight for anything with a Lotus badge on it, but the Eletre R is even heavier at 5,820 pounds.