Lotus has confirmed it is to build a new version of its Esprit outside the UK, but insists its manufacturing plant in Norfolk has a long-term future.
Lotus’s workforce has been dealt a blow with the news that production of the new Esprit is set to be moved abroad as the British manufacturer looks to cut costs.
Lotus and Lexus have both announced top management changes. Steve Settle replaces Karl Schlicht as director of Lexus. Clive Dopson becomes managing director of Lotus Cars.
Lotus Cars has announced the appointment of Clive Dopson as managing director of its sports car division, effective immediately.
British sportscar maker Caterham is set for increased stability and profitability following a management buy-in led by former Lotus general manager Ansar Ali.
Lotus has managed to reduce the number of job losses it had proposed for this year.
More than 200 staff at Group Lotus are to lose their jobs as part of a major restructuring.
Lotus Group plc has appointed Kim Ogaard-Nielsen as its new chief executive officer.
Lotus has appointed Kim Ogaard-Nielsen as its new chief executive officer.
Lotus is to make about 350 redundancies at its Hethel headquarters after losing a major engineering consultancy project.
One of the motor industry's leading experts has accused Proton of failing to invest in Norfolk car maker Lotus.
Lotus is to make 350 non-manufacturing staff redundant following the cancellation of an engineering consultancy project for an unnamed vehicle manufacturer.
Lotus is looking to develop its dealer network in preparation for a new 911-bashing supercar to be launched in 2006/7.
The Lotus Esprit has been voted best ever screen vehicle from the film ‘The Spy Who Loved Me’ by a Yahoo! Search survey.
Lotus Elise regains limelight from VX220
Lotus has reported group earnings before interest and tax of £2.7 million for the year ended March 2003 on turnover of £154m, which compares with a loss of £16.6m in 2002 and a loss of £42.2m in 2001.
A brand new £23,000 Lotus Elise could be won for £1 at the AM/Sewells aftermarket conference on March 26.
Lotus is to mount a major sales push in the US with a specially-tweaked version of the Elise. The special model, which should be on sale in the States by the middle of 2004, is likely to sport driver's airbag, ABS and air-conditioning.
Proton subsidiary Lotus Engineering is to design a new niche range for a volume car manufacturer, using UK-developed technology to slash build costs.
Proton UK has dismissed press reports claiming dealers will be selling Lotus cars alongside its own models within two years, but admits it is looking to weed out the worst performing retailers.
