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China's Geely buying majority stake in Lotus

Geely, the Hong Kong car company that owns Volvo, is acquiring control of British car company Lotus. Geely is purchasing a 51-percent stake in Lotus from struggling Malaysian car company Proton, and a 49.9 percent stake in Proton itself. Etika Automotive will gain the other 49 percent of Lotus. France's PSA Group and Japan's Suzuki had apparently also been interested in acquiring Proton. Geely says it plans to revive both Proton and Lotus. "The agreement lays the foundation for a wider framework for both Geely Holding, Proton and Lotus to explore joint synergies in areas such as research and development, manufacturing and market presence," Geely said in a news release. Those joint synergies will be highlighted by the lightweight chassis technology Lotus is known for, which could help Geely improve fuel efficiency. Geely CFO Daniel Donghui Li said the company aims to "unleash the full potential of Lotus Cars" by expanding and accelerating new products and technologies. Proton was nationally held but was privatized in 2007 to Malaysian conglomerate DRB-Hicom, which is owned by tycoon Syed Mokhtar Al-Bukhary. It was supposed to be the flagship for Malaysia's economic development.Though it owns two factories, Proton mainly rebadges foreign-made cars and sells them in Malaysia. What it has, what Geely presumably wants, is a distribution network in Southeast Asia to pit Chinese cars against Japanese automotive dominance in the region. Retaining a 50.1-percent stake in Proton is seen as a face-saving move. "Proton will always remain a national car and a source of pride, as Proton will still have a majority hold of 50.1 percent," Malaysian finance official Johari Abdul Ghani said. "Our very own much-loved brand now has a real chance in making a comeback, a huge one I hope." Related Video:

Lotus recalling certain 2011 Evora S models for possible oil leak, fire

Last year about 80 examples of the 2011 Lotus Evora S were recalled over an issue with the oil feed pipe. The same number of 2011 Evora S', but with different manufacture dates, are back in the recall box again for a very similar issue; this time it's the engine oil cooler hose that could rupture and spray oil either onto the rear wheels or a hot engine part. Neither of those cases is good, and the latter could potentially lead to a fire.
Lotus is working on a solution, so a recall date hasn't been announced. The bulletin below from the National Highway Traffic Safety Administration has more information.

Watch the Lotus Esprit evolve from 1976 to 2004

Seeing a model as long-lived as the Lotus Esprit evolve over time generally requires some clever photography or graphical work, kind of like this. This video doesn't require any of that trickery, though, because it features every single model year of Espirt in one glorious row of awesome British cars.
Taken at the 2013 Lotus Festival at Brands Hatch in the UK, it features Esprits from 1976 all the way to its last model year in 2004. It really puts into perspective the slow evolution of the mid-engined, wedge-shaped Lotus, as it went from a very 1970s design to something decidedly more modern.
We've got the full video below, which starts with a red 1976 model, travels down the line to a silver 2004 Esprit, and then all the way back to the original. Take a look, and let us know what you think.