Lotus Cars is cutting as much as 270 jobs across its UK operations, citing “volatile and evolving market conditions,” including the impact of recent US tariffs.
The corporate, headquartered in Hethel, Norfolk, confirmed that it’s facing significant challenges following the introduction of a 25% import tax on cars and automobile parts from the UK into the US.
The brand new tariffs, imposed under US President Donald Trump’s administration, have added to the pressures already facing the sports automobile manufacturer.
Lotus Cars is cutting as much as 270 jobs across its UK operations, citing “volatile and evolving market conditions,” including the impact of recent US tariffs.
The corporate, headquartered in Hethel, Norfolk, confirmed that it’s facing significant challenges following the introduction of a 25% import tax on cars and automobile parts from the UK into the US.
The brand new tariffs, imposed under US President Donald Trump’s administration, have added to the pressures already facing the sports automobile manufacturer.
Lotus’s UK-built vehicles, including the Emira coupé and the Evija hypercar, are actually subject to those higher import fees, which forced the business to suspend Emira shipments to the US earlier this week.
A spokesperson for the corporate stated, “Lotus Cars has announced a proposed business restructure to make sure sustainable operations, amid volatile and evolving market conditions including the US tariffs and shifting consumer demand for sports cars.”
While the corporate stays “committed to the UK,” it said the proposed restructuring will involve closer collaboration with its largest shareholder and technology partner Geely Holding Group.
The job cuts come after a series of previous reductions, including the lack of 94 jobs in November and extra cuts to its two Norfolk factories in January.
Lotus has dedicated £500 million to the event of its factories and shifting production towards electric vehicles, including electric SUVs and sports cars.
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