Headline: UNCAPTIONED: Lotus Announces Major Job Cuts in the UK
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Lotus Announces Major Job Cuts in the UK. Lotus, once hailed for its revival under Geely, is facing serious setbacks. Promising models like the Emira struggled with production delays and higher-than-expected prices, while the Emeya and Eletre EVs remain costly due to tariffs on Chinese-made vehicles - According to motor1.com. Now, the company is cutting 550 jobs at its Hethel headquarters, almost half its workforce. Lotus says the move is needed to ensure a “sustainable future” amid rapid changes in global policies. Despite the cuts, Lotus confirmed Hethel will stay its hub for sports cars, motorsports, and engineering, while exploring growth through third-party manufacturing. The brand had already cut 270 jobs in February and posted a $200 million loss in the first half of 2024. For Lotus, the road to recovery is proving tougher than expected.
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Keywords: Motoring,Lotus,job cuts,UK,Geely,Emira,Emeya,Eletre,EV,tariffs,Hethel,workforce reduction,sustainable future,global policies,sports cars,motorsports,engineering,third-party manufacturing,270 jobs,$200 million loss,2024,road to recovery
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