Geely chairman Li Shufu plans to use this expansion as a part of a strategy to make his group compete with Toyota and the Volkswagen Group worldwide.
Zhejiang Geely is considering an investment push in Lotus Cars, and it sounds significant, the sum being bandied being to the tune of US$1.9 billion (RM7.75 billion), Bloomberg reports.
China's Zhejiang Geely Holding Group is prepared to invest the necessary funds to make Lotus into a world-beating luxury and sports auto brand.
"Geely is fully committed to restoring Lotus into being a leading global luxury brand", the automaker said in an email, declining to comment further.
Tesla board to meet to discuss taking company private
As for Tesla shareholders, Musk said in one of his Twitter posts that "investor support is confirmed" for his plan. The company declined to comment on whether its CEO's financing comments were true, while the U.S.
Star Trek 4 In Trouble?
Whatever happens, though, sources say Star Trek 4 is still a priority for the studio and will not be put on hold due to this. Kirk with George Kirk , as portrayed by Chris Hemsworth in the opening minutes of the first Star Trek reboot film.
Trump's decision to double tariffs on Turkey 'brutal'
This is double the level the president imposed on a range of countries earlier this year, including European Union member states. Turkey has accused Andrew Craig Brunson of spying and " committing crimes on behalf of terror groups without being a member".
Sources familiar with those considering the deal reportedly told Bloomberg that the investment would involve bringing in 200 engineers destined for Lotus's existing factory in Hethel, Norfolk. More specifically, Bloomberg's sources claim that Geely wants to open a second factory in the United Kingdom, followed by a new design and tech center, also in the UK. Li's group acquired Volvo in 2010 and spent more than $11 billion to modernize its factories and help turn around the Swedish brand.
Li emerged to be the biggest shareholder in German luxury-car maker Daimler AG with an nearly 10% stake. Two months ago, Geely had committed to a new United Kingdom design studio in Coventry, Geely said in its email. Sources close to the plans said Geely is in talks with its Malaysian partner Etika Automotive Sdn Bhd.to purchase more than the 51-percent stake in Lotus it now holds as well.
Last year, Geely acquired a majority stake in Lotus and 49.9% shares of Proton. The transformation at Volvo at the hands of Geely bodes well for whatever fate awaits Lotus.
Mr Kennedy Jr, the son of the late United States senator, said: "I think the verdict is going to trigger a cascade of new cases". But the World Health Organization's cancer arm in 2015 classified glyphosate as " probably carcinogenic to humans ".
The Hawks immediately placed Anthony on waivers, and now Anthony, a free agent, has pledged to sign with the Houston Rockets . Onuaku played in six National Basketball Association games over the past two seasons and averaged 3.0 points and 2.3 rebounds.
While it would be great to have these tapes leak, if Omarosa claims there are receipts, she needs to put up or shut up. Omarosa is, of course, an unreliable narrator with questionable credibility on practically every subject.
Quelle est la législation actuelle? D'après les estimations, 500 000 avortements sont pratiqués chaque année en Argentine. Mais le 9 août ne restera pas dans l'histoire du pays sud-américain comme la date de la légalisation de l'avortement.
According to The Guardian , the baby squirrel had probably been separated from its mother and was therefore pursuing the man. Police in Karlsruhe said the unnamed man called them in desperation after he was unable to shake off the small rodent.
Mais comme face à l'Australien, il a eu l'immense mérite de se battre, de s'accrocher pour finalement renverser la table. Il défiera Rafael Nadal (1) en huitièmes de finale. "Cela s'annonce "compliqué" , avoue Stan Wawrinka".
The last partial solar eclipse appeared on July 13, although it was only visible over the ocean between Australia ad Antarctica. Just over a year ago, millions across North America were anxiously awaiting the " Great American Solar Eclipse " of August 21.
Kent woman jailed for drinking on flight to Dubai
She was later arrested and led to a cell after filming the official on her phone so she would have proof of his "rude behavior". Dr Holman said: "My passport remains confiscated until the case is settled, which I have been told will take at least a year".
The Perseid Meteor Shower peaks this weekend!
While we have several meteor showers during a year, the Perseids are even more spectacular for people in the northern hemisphere. You'll want to see the whole night sky, and that equipment will only reduce your field of view.
Ailing young orca J-50 gets novel medical treatment at sea
The researcher said the event may compel Inslee to use some of his political capital to help the orcas sooner than expected. NOAA says on Facebook that the team will decide next whether to feed the free-swimming whale live salmon from a boat.
Mercato MU: Pas de recrue à prévoir pour Mourinho
Ce vendredi 10 août, comme en France avec la Ligue 1 , le championnat d'Angleterre de football, la Premier League, reprenait. Le jeune défenseur Dalot (Porto) et le milieu de terrain brésilien Fred ont été les seuls nouveaux venus.