AssetID: 55023600
Headline: Lotus Announces Major Job Cuts in the UK
Caption: 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
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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