The UK government has intervened to halt the sale of a majority stake in Norfolk's iconic Lotus Cars to a Chinese state-owned firm, citing national security concerns under the National Security and Investment Act.
British sports car maker Lotus is slashing a significant number of jobs at its UK headquarters, citing the severe impact of new US tariffs. The move sends shockwaves through the already struggling British automotive sector.
Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.