2023-07-20 23:21
Automotive
Alex Lowe

Lotus is planning on cutting 200 UK jobs

Lotus has revealed that it has been forced to to consider cutting 200 jobs from its two bases in Hethel, Norfolk and Wellsbourne, Warwickshire. The company has also revealed bleak financials, which have resulted in a loss of £145.1 million, an increase over 2021 which saw a loss of £86.6 million. The company has also only sold 576 cars in 2022.

The only car Lotus produced was the Emira last year after the Exige, Evora and Elise were discontinued in 2021. The company is gearing up to launch the new Eletre SUV this the year, the first SUV and EV for the brand. Despite the revenue dip, the company is hopeful that 2023 will be a “record year” for car production, thanks to the new Eletre.

Alex Lowe

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

Other Posts

Sportier version of the Omoda 5 is coming soon
Omoda and Jaecoo have many cars launching in the UK soon, including sporty versions of the Omoda 5
New Hyundai Ioniq 6 will be priced from £46,745 in the UK
New all electric Hyundai Ioniq 6 to go on sale in the UK at the end of 2023, with prices starting at £46,745
Vinfast looking to start UK sales in 2024
Vietnamese electric car company, Vinfast is looking to enter the UK market
Jaguar F-Type coming to an end with limited edition Type ZP
New limited edition Jaguar F-Type to send off the sports car as it transitions to EV