Lotus looking forward to shining under China's Geely
Chinese billionaire's deal to take 51 per cent stake for £51 million is expected to close this month
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London
AN assembly hall sits rusting on a 22 ha factory complex in eastern England, surrounded by a vast expanse of green, productive farmlands. The forlorn structure is a reminder of the latest failed attempt to revive Lotus Cars, a specialist sportscar maker and engineering powerhouse.
In its heyday, Lotus was revered for lightweight racers favoured by James Bond and Mario Andretti. The company's engineering talent alone was so well respected that it developed a successful consulting firm with clients which included General Motors, Aston Martin and Tesla. But consumer tastes changed. When sports cars gave way to SUVs, Lotus suffered.
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