Rocha May 13th, 2008 Link
Is Lotus really on the table, or are you just being whimsical? The Prince engine in an Elise/Exige body is a tantalizing proposition.
This is not new news but it is interesting to see that BMW is still looking to add another brand. It was rumored BMW was to buy Volvo sometime last year; this never materialized because BMW felt that Volvo was not a good fit for what they need in a fourth brand. Other options still remain; including resurrecting the Triumph moniker that BMW owns. Lotus joining the party sounds good to me! Forbes:
BMW CFO says group still considering fourth brand - FRANKFURT (Thomson Financial) - Bayerische Motoren Werke AG is continuing to consider whether it will set up a fourth brand as part of its long-term growth strategy, chief financial officer Michael Ganal said in an interview with Euro am Sonntag. He said that to ensure long-term growth, it is not enough for BMW to tighten costs and that it must also consider increasing its revenues, adding a fourth brand ‘remains absolutely conceivable’. At present, the group has the BMW, Mini and Rolls-Royce (other-otc: RYCEY.PK - news - people ) brands.
Is Lotus really on the table, or are you just being whimsical? The Prince engine in an Elise/Exige body is a tantalizing proposition.
While I’d love to see BMW buy Lotus (the only reason a Lotus won’t be my next toy is distance to dealer; BMW buying Lotus would potentially fix that), it doesn’t really fit in with “ensuring long-term ,tightening costs and, increasing its revenues”. Lotus is a niche car (although a damned fine one), and when it first came to the States, everyone wanted one, and many bought them, only to realize that this is a street legal race car, not a practical daily driver. Throw in the hard to get at mid-engine layout, which is not a BMW forte, (and relatively high dealer service costs), and it’s even less attractive. The result was a bunch of used ones available 1-2 years after release, with some fantastic bargains…I don’t think this would be what BMW would be after.
A relatively more civilized Triumph, however, would make more sense. It wouldn’t be as big as the new Mini–simply because it wouldn’t be practical–but it could find a nice little niche to stimulate growth.
Nothing indicates that Lotus is in the plans, but it would be a nice treat to have a lighter BMW with a four cylinder and/or a diesel to increase those fleet averages!
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