Lotus
Lotus Ditches All-Electric Plans, Embraces Combustion Engines Again with New “Focus 2030” Strategy
May 15, 2026 – Lotus has officially abandoned its all-electric ambitions, unveiling a new three-pronged product strategy that brings internal combustion engines back from the brink of extinction. The British sports car maker, led by CEO Feng Qingfeng, revealed its “Focus 2030” plan on May 13, a dramatic reversal that scraps the brand’s previous commitment…
Lotus Announces Layoff of 200 Employees Amid Market Shifts
November 12, 2024 – British luxury sports car manufacturer, Lotus, has announced plans to lay off 200 employees in the UK, citing evolving market demands and changing market conditions as the reason behind the decision. The company confirmed the news to its staff last week, stating that it would attempt to relocate some of the…