Lotus announces his heritage manufacturing facility on Friday and plans to leave 270 people in the headquarters, BBC Reports company “cited market volatility and market conditions, including US prices.”
The company warned that the company warned that media jobs could be at risk. Lotus lost $ 200 million in the first half of 2024, and despite the increase in sales, profits have struggled to meet at speeds.
In a statement BBCLotus says he plans to work closely with a Chinese parent company Gly in the future, though the brand says it is affiliated with the UK. Here is a complete statement:
“Lotus cars have announced a proposed business organization to ensure sustainable operations, which include changing consumer demand for US prices and sports cars.
“The company plans to enhance harmony with the wider lotus brand and its largest shareholder and technology partner, the wet holding group.
“More and more resources distribution and cooperation in technology, engineering and operations will be considered.”
Lotus has two times a problem. First it has two EVs, Electric and Emia. The demand for such cars has fallen, leaving a small buyer pool. And whether we are talking about performance or limit, they are controversial. So some potential buyers there will probably choose something else.
The next Trump rates. The United States is one of the most important markets in Lotus, and according to this writing, 25 % tariffs are imposed on all vehicles imported from the UK, where the company deposits its rich sports car. Its two EVs have been deposited in the Chinese city of Wuhan, where the United States currently receives 145 % tax on imports. By this week, the car maker has stopped all shipments in the United States for an indefinite period.
These rates can potentially eat a low -profit margin of these cars, which describes holidays and reorganization. This has left very little hope about the upcoming Alice’s change, the All -Electric Type 135. The car actually needed to be debuted in 2027, though its future is no longer clear.
Like many British carmakers, Lotus suffers from routine profits, decades of battles. Let’s hope that the company will raise it.
