Lotus Cars stated there are no plans to end production in the UK, following earlier reports suggesting the automaker would close its UK factory.
According to Bloomberg, Lotus Cars said in a statement: "We are actively exploring strategic options to improve efficiency and ensure global competitiveness in a constantly evolving market."
According to Bloomberg, Lotus Cars said in a statement: "We are actively exploring strategic options to improve efficiency and ensure global competitiveness in a constantly evolving market."
The statement said Lotus Cars continues to operate normally with no plans to close the factory.
The Financial Times reported on Friday that the company, owned by Chinese automaker Geely Holdings, plans to halt production at its Hethel plant in the UK, which could threaten 1,300 jobs. At the time, Lotus told the Financial Times in a statement that due to supply chain issues caused by US tariffs, the company had suspended production since mid-May to manage inventory.
The Financial Times reported on Saturday that UK government officials have since made contact with Lotus and Geely executives.
The Financial Times reported on Friday that the company, owned by Chinese automaker Geely Holdings, plans to halt production at its Hethel plant in the UK, which could threaten 1,300 jobs. At the time, Lotus told the Financial Times in a statement that due to supply chain issues caused by US tariffs, the company had suspended production since mid-May to manage inventory.
The Financial Times reported on Saturday that UK government officials have since made contact with Lotus and Geely executives.