Despite reports that Lotus was considering shutting down its headquarters in Hethel, Norfolk and potentially moving production to the US, the sportscar maker has officially stated that it has no intentions of closing any factories.
While the company is exploring options in the global market, it has reassured that its operations will continue as normal and that there are no plans for factory closures.
The Financial Times initially reported on the situation, but sources within the company have confirmed that discussions are ongoing and that there is a possibility of production being moved to the US.
The Secretary of State for Business and Trade, Jonathan Reynolds, is also said to be involved in talks with the company’s owners.
This news comes after temporary production suspensions at the Hethel factory due to new tariffs on car imports to the US. These tariffs, which require a 25% payment on cars and car parts, have caused concern for Lotus as the US is a key market for their business.
Despite the potential changes, Lotus has affirmed its commitment to the UK, its customers, employees, dealers, suppliers, and its British heritage.
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