Group Lotus, the British sports car maker, may reduce its workforce by more than a quarter to cut costs.
Lotus has launched a limited three-year warranty and free three-year service offer across its three car model range.
Henry Williams, managing director of Morgan and Lotus business Williams Automobiles, has been named as the Federation of Small Businesses (FSB) and Worldpay’s Young Entrepreneur of the Year.
Lotus’ parent company DRB-HICOM Group has appointed Jean-Marc Gales as its new chief executive.
Lotus and police across East Anglia are joining together this Christmas to present a united front against drink driving.
Lotus has been awarded £10.44 million by the Government’s Regional Growth Fund (RGF) to invest in new products and training.
Pictures of the Lotus' concepts for the new Elise, Elite, Elan, Eterne and Esprit.
Lotus owners DRB-HICOM has said the brand is now in a position to work on future products and expand production following a period of "substantial change".
South coast car dealer group Snows Group has added a Lotus franchise at Southampton.
Group Lotus denies it will be liquidated following a petition submission to HM Courts & Tribunals Service for the company to be wound up.
Dany Bahar has been dismissed as Group Lotus chief executive by new owners DRB-Hicom following an audit into the running of the company and an unspecified complaint against him.
Group Lotus chief executive Dany Bahar has been temporarily suspended pending an investigation into his conduct made by Lotus’ penultimate parent company, DRB-HICOM Berhad.
Lotus chief executive Dany Bahar is planning for the company to return to profitability by 2015 and has admitted that the company’s new owners have not yet committed to its model replacement programme.
Lotus has hit back at reports in the media that it is heading for administration and its group chief executive Dany Bahar has left the business.
Plans to develop new Lotus models could be delayed following the Malaysian government’s decision to sell its 42.7% stake in Proton to automotive manufacturer DRB-Hicom for £261 million.
JCT600 has moved its Lotus dealership in Leeds to a larger, refurbished showroom in preparation for the British sportscar brand’s range expansion.
Saab has terminated the provisional agreement with Chinese investors Zhejiang Youngman Lotus Automobile and Pang Da for a 53.9% stake in the Swedish brand for £213 million.
Saab has received the first part of its bridging loan payment of €70 million (£61.1m) from one of its Chinese partners Zhejiang Youngman Lotus Automobile.
A new management team and range of sports cars heralds ambitious relaunch plans for the manufacturer.
Lotus is set to apply for £10m of Government support for a new factory at its Norfolk base that would create up to 1,000 new jobs.
