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THE NEW LOTUS ELITE - Car aficionados got their first glimpse of the 2014 Lotus Elite Hybrid at the Paris Auto Show on September 20, 2010. ...
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The company was formed in 1952 as Lotus Engineering Ltd. by engineer Colin Chapman, a graduate of University College. The company started life in an old stable behind the Railway Hotel in Hornsey, North London. Team Lotus, which was split off from Lotus Engineering in 1954, was active and competitive in Formula One racing from 1958 to 1994. The Lotus Group of Companies was formed in 1959. This was made up of Lotus Cars Limited and Lotus Components Limited which focused on road cars and customer competition car production respectively.
The company moved to a purpose built factory at Cheshunt in 1959 and since 1966 the company has occupied a modern factory and road test facility at Hethel, near Wymondham. This site is the former RAF Hethel base and the test track uses sections of the old runway.
The car maker built tens of thousands of successful racing and road cars and won the Formula One World Championship seven times. At the time of his death in 1986, Colin Chapman had turned the Lotus Group into a highly respected motor company with a renowned worldwide reputation.
In 1986, the company was bought by General Motors and in August 1993, they sold it for £30 million to A.C.B.N. Holdings S.A. of Luxembourg, a company controlled by Italian businessman Romano Artioli, who also owned Bugatti Automobili SpA. In 1996, a majority share in Lotus was sold to Proton, a Malaysian car manufacturer which controls the company to this day.