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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 Elise Cup 260 celebrates the automaker's 70th anniversary

Lotus rides the special edition train nearly as often as Jeep. When you only sell a few models, you need to make the most of what you have. Today, Lotus announced a new very-limited-edition variant, the Elise Cup 260. Just 30 examples will be built and, based on pricing, it doesn't look like it will be coming to America. Hey, the cars are likely all spoken for already. The Elise Cup 260 builds on the Cup 250 and takes influence from the Lotus Evora GT430 and Exige Cup 380. Lotus says this car is even lighter than the already pint-sized Cup 250. Downforce is the name of the game with the Cup 260. The car makes 397 pounds of downforce at 151 mph (44 percent better than the Cup 250), helping the car maneuver around a circuit with copious amounts of traction. The key components here are louvered front fenders, a carbon fiber front splitter and a carbon fiber rear wing that wouldn't look out of place on an FIA-spec GT car. All of the lightweight performance options from the Cup 250 are standard equipment on the Cup 260. The sill covers, roll hoop cover, front access panel and engine cover are all made of carbon fiber. It also uses a polycarbonate backlight glass to save more weight. The Cup 260 has two-piece rotors and two-way adjustable Nitron dampers at all four corners. Strangely, the Elise uses AP Racing calipers up front and a set of Brembo clamps out back. The Elise Cup 260 is powered by a supercharged 1.8-liter inline four making 250 horsepower and 188 pound feet of torque. In the right hands, the Lotus will hit 60 mph in just 3.8 seconds. Top speed is listed as 151 mph. Lotus' Hethel track is the true benchmark of any car to wear the green and yellow badge. On it, the Cup 260 is 2.5 seconds faster than the Cup 250. The exterior has been done up in gold and features a couple of wreaths meant to commemorate the 70th anniversary of Lotus' first car. The car comes standard with Alcantara upholstery, but if it were our money we'd spring for either the yellow or red Tartan trim pack. As befitting any Lotus, weight savings was first and foremost. Things like air conditioning, carpeting and sound deadening material are all optional extras. Pricing has only been announced for Europe, but the UK base price converts to roughly $77,800. Not cheap, but few if any cars provide the pure, unadulterated driving experience of a Lotus. Related Video:

Lotus Evija X track special appears in spy photos at the Nurburgring

Few people would say the Lotus Evija is lacking in performance. It's meant to make just shy of 2,000 horsepower and is light for an electric car at around 3,700 pounds. But apparently Lotus wants to go further. These spy shots reveal a wild track-only special that's clearly labeled the Lotus Evija X testing at the Nurburgring. We're assuming this X will be substantially lighter than a regular Evija. It has a bare carbon body with seemingly fewer individual pieces. The headlights are gone and so are the rear windows. The interior appears gutted, too. That carbon body is far from stock, too. It's much wider and has all manner of downforce-producing add-ons. The front has a massive front splitter and canards and cutouts above the front wheels. The sides even have wide splitters with struts. And the X's crown aero accessory is that enormous wing that rises well above the roof.  The wide body also encompasses fat slick racing tires that are almost certainly not street legal. They bear the Pirelli P Zero name on the sidewalls, and they're wrapped around center-lock wheels. AP Racing brakes are tucked inside. There are of course plenty of questions surrounding the Evija X. It's definitely a track-only machine, but is it a one-off, or is it going to be sold in extremely limited numbers to select buyers? Maybe Lotus wants to take the Evija racing? Though it seems more like a rules-be-damned type of car like the Pagani Zonda R. Or maybe the Volkswagen ID.R, the fastest electric car to lap the 'Ring, would be a closer analogue to the Evija X. The spy photographer that provided these photos said the track was rented out for the day by Lotus, and some sort of notary was on hand, likely to certify a lap time. If Lotus is gunning for an EV lap record there, the Evija R is going to be outrageously fast. The ID.R's time sits at a shocking 6:05.336. And if the Lotus tops it, it would become the second fastest overall car at the 'Ring. We'll definitely be looking forward to more details and an eventual lap time. Related video: