Summary About Blog Lotus Cars LTD by Jurģis Vaivods 1SM

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Jurģis Vaivods 1SM

Summary about blog Lotus cars Ltd

Lotus Cars Ltd. is a British automobile manufacturer that specializes in sports cars and racing
cars. The company was founded in 1952 by engineer Colin Chapman and has since become
known for its innovative and lightweight designs.

Throughout its history, Lotus has produced a number of iconic cars, including the Lotus
Seven, Lotus Elite, Lotus Esprit, and Lotus Elise. These models are often praised for their agile
handling and responsive performance, as well as their striking design.

In the 1970s and 1980s, Lotus also made a name for itself in the world of Formula One
racing. The company's team, Lotus Racing, won a number of championships and produced
several legendary drivers, including Jim Clark and Ayrton Senna.

However, Lotus has also faced its share of financial struggles over the years. In the 1990s, the
company was sold to Bugatti owner Romano Artioli, who attempted to expand the brand's
offerings with the launch of the Lotus Elan and Lotus M250. These efforts ultimately proved
unsuccessful, and Lotus was sold to Malaysian carmaker Proton in 1996.

Under Proton's ownership, Lotus continued to produce sports cars and racing cars, but
struggled financially. In 2017, the company was sold to Chinese automotive company Geely,
which has since invested heavily in the brand and announced plans for a new production
facility in China.

Today, Lotus Cars Ltd. remains a well-respected and iconic brand in the world of sports cars
and racing, with a dedicated following of enthusiasts and collectors.

https://www.encyclopedia.com/books/politics-and-business-magazines/lotus-cars-ltd

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