Lotus in urgent talks with business secretary but has no plans' to shut Norfolk factory
Briefly

UK business secretary, Jonathan Reynolds, is in discussions with Lotus over the potential relocation of production from its Norfolk factory to the US. The move could threaten 1,300 jobs as Lotus’s owner, Geely, explores manufacturing options amid operational challenges due to tariffs on car imports. Despite rumors, Lotus maintains that the UK remains central to its identity and operations, and no closure is planned. Lotus paused production in May to address inventory issues but is focused on maintaining competitiveness in the changing market.
Lotus Cars is continuing normal operations, and there are no plans to close the factory. We are actively exploring strategic options to enhance efficiency.
The emergency meeting was understood to be under way on Sunday morning. Reynolds contacted Lotus bosses after it emerged that it was considering ending production.
Read at www.theguardian.com
[
|
]