Lotus, like other automakers, envisioned a future where it would only build electric cars by 2028. It was ambitious, and it made fans a little reluctant to what the future would offer, but that plan has now been revised, as sales of the very expensive Eletre and Emeya EVs have been anything but stellar. Enter the Lotus For Me, the brand's first plug-in hybrid.
Lotus has announced plans to cut up to 550 jobs in the UK, amounting to around 40 per cent of its British workforce, in a major restructuring aimed at securing the company's long-term survival. The Norfolk-based sports carmaker, majority-owned by Chinese group Geely, said the cuts were "necessary to secure a sustainable future in today's rapidly evolving automotive environment," citing the impact of falling sales, the transition to electric vehicles and mounting global tariff pressures.