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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 electric SUV previewed ahead of March 29 debut

Lotus is about to unveil its most important and most controversial car. It will jump into the electric crossover segment when it launches a model called Type 132 internally, and it released a short video that gives us a preview of what the people-hauler looks like inside and out. Aimed at the Porsche Cayenne, among other high-riding and high-horsepower machines, the Type 132 will spearhead the British firm's entry into the mainstream; it likely won't be a high-volume model but we're betting it will become the best-selling Lotus. The preview video reveals a handful of styling cues, like a light bar that stretches across the rear end, and it confirms that the cabin will offer a long list of tech features. Drivers will face a digital instrument cluster and a meaty steering wheel with backlit buttons and a pair of shift paddles, though it's too early to tell what purpose they'll serve. We know that the Type 132 — a name which won't be retained for production — will be entirely electric so the paddles will very likely not be connected to a gearbox. Both are labeled "+" and they may be used to adjust the level of regenerative braking. If that's the case, then odds are there's also a "-" symbol on each paddle that's hidden from view in the 1:12-long teaser video (shown above). Lotus Type 132 preview View 4 Photos Spy shots taken in China in February 2022 suggest that the Type 132 will tilt more towards the sporty side of the crossover scale; Lotus isn't interested in rivaling, say, the Mercedes-Benz GLS in terms of passenger and cargo space. The sheet metal will hide a modular platform called Evolution Architecture, and the crossover will reach 60 mph from a stop in under three seconds in its most powerful configuration thanks in part to a dual-motor powertrain. It will be interesting to find out how Lotus, whose founder's now-famous motto was "simplify, then add lightness," will offset the lithium-ion battery pack's significant weight. Lightweight materials, like carbon fiber, will certainly play a role. Lotus will introduce the Type 132 online on March 29, and production will start shortly after in a new facility located in Wuhan, China. Looking ahead, the company plans to continue its model offensive by releasing a four-door sedan that's called Type 133 and tentatively due out in 2023, a second SUV known as Type 134 that we should see in 2025, and a sports car dubbed Type 135 that will make its debut in 2026.

Kimi Raikkonen to miss rest of season for back surgery

Formula One drivers keep themselves in peak physical condition, such are the demands placed on them in order to do what they do. But otherworldly as their capabilities may be, they're still human, and that means they get injured or sick just like the rest of us.
Case in point: Kimi Raikkonen and the announcement made today by Lotus that he'll have to sit out the rest of the season in order to undergo back surgery. That means Lotus will have to find a replacement driver for the last two races in Austin and Brazil while Kimi has and recovers from the operation.
Though we wouldn't debate the legitimacy of Kimi's condition or the necessity to rectify it, the timing is sure to raise some eyebrows. Raikkonen has been at the center of a pay dispute with Lotus, and while the situation was reportedly resolved, his decision to undergo what is said to be elective surgery at this point in the season (as opposed to waiting until its end) raises some questions as to his commitment to the team he is leaving and his team's financial commitments to him in turn.