Iconic Lotus Plunges £195M into Red, Cuts 550 Jobs Amidst Major Restructure
Lotus, the iconic British sportscar manufacturer, is cutting over 500 jobs at its Hethel headquarters amid significant financial losses and "rapid changes in global policies, including tariffs." The company reported operating losses of $263 million and a 43% drop in car sales in the first half of 2025, largely attributed to these international trade barriers. Despite the restructuring, Lotus reaffirms its commitment to its UK operations, with 550 jobs to remain.Uche Emeka • Latest Tech News • 10 months ago • 1 minute read •
Lotus, Britain's top sportscar manufacturer, is set to axe over 500 jobs from its UK headquarters in Hethel, near Wymondham, Norfolk, a move largely attributed to
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