The group was formed as Lotus Engineering Ltd. by engineers Colin Chapman and Colin Dare, both graduates of the University College, London,
United Kingdom, in 1952. The first factory was in old stables behind the Railway Hotel in Hornsey, North London. The four letters in the middle of the logo stand for the initials of the company founder, Anthony Colin Bruce Chapman. The Lotus Cars is a British manufacturer of sports and racing cars, well-known for its Esprit, Elan, Europa and the Elise sports cars and for the highly victorious Team Lotus in Formula one.
The Lotus Company was formed in 1959, made up of the Lotus Cars Ltd. and the Lotus Components Ltd, which focused on road cars and customer competition car production respectively. The Lotus Components Limited became Lotus Racing Ltd. in 1971 but the newly renamed entity ceased process in the same year. The Lotus Cars is based at the former site of RAF Hethel, a World War-2 airfield in Norfolk. The group designs and builds race and production automobiles of light weight and fine handling characteristics. It also owns engineering consultancy the Lotus Engineering, which has facilities in the U.K, U.S, China and Malaysia. On 27 August 1993, GM (General Motors) sold the group, for £30 million, to A.C.B.N. Holdings S.A. of Luxembourg, a corporation controlled by Romano Artioli (Italian businessman), who also owned Bugatti Automobiles SpA. In 1996, a majority share in the Lotus was sold to Proton, a Malaysian car group listed on the Kuala Lumpur Stock Exchange.
The Lotus is owned by DRB-HICOM through its auxiliary Proton which acquired it following the bankruptcy of former owner Romano Artioli in 1996. The Company Lotus is presently also involved in several other categories of the motorsport. It sponsors the KV (KV Racing Technology 2003) team in the IndyCar Series, and used to sponsor the ART (ART Grand Prix) team in the GP2 and GP3 Series in 2011 and 2012. In 2011, the Lotus also returned to the 24 Hours of Le Mans with a semi-works effort run by Jetalliance Racing, which fielded 2 Lotus Evoras.
After fielding underpowered and uncompetitive engines in the 2012 Indianapolis 500, in which the drivers Jean Alesi and Simona de Silvestro were black-flagged after ten laps for failing to maintain a competitive pace, the Lotus was released from its contract and did not participate in future seasons.
For the official Lotus info & pictures see Website: www.Lotuscars.com
The Lotus car Company Logo: