Lotus owner Geely plans SUV and cars to rival Ferrari

Lotus owner Geely plans SUV and cars to rival Ferrari. Lotus’s owner Geely is already working on ambitious plans for its new British subsidiary, having completed its purchase of a majority stake in the Norfolk-based maker only two months ago. This includes a decision on whether to produce a Lotus SUV that will be made very soon. Geely executives are already considering which platform it would be built on, the most obvious candidate being the Compact Modular Architecture that underpins both the Volvo XC40 and Lynk&Co 01. The flexibility of this platform means that it has been designed to accommodate high-performance applications including cars featuring a powered rear axle. Lotus CEO: sports car production stays in Norfolk; SUV could go elsewhere