Board: Lotus Language: English Region: Worldwide Share/Save/Bookmark Close

Forum - Thread

    Lotus Invests and Recruits for Growth

    Lotus Press release

    Lotus defies economic gloom with a 30% increase in its manufacturing workforce and over £20m earmarked for product investment in 2009/10 to fuel continued growth. This is in addition to the £28m already invested in 2008/09.

    First customer deliveries of the new multi-award winning Lotus Evora have already started and there is already a substantial order bank of five months’ production. To cope with this demand, Lotus has recruited 150 additional manufacturing staff (a 30% increase) over the last six months. Planned sales volumes of the Lotus Evora for FY 2009/10 are in excess of 1200 with the production rate reaching 10 cars per day by the end of November 2009. The current production rate of Lotus’ small platform products (Elise, Exige, 2-Eleven and those for third parties) remains stable.

    Investment for Lotus Cars will be in future variants of all Lotus products including an automatic gearbox version the Evora for the 2011 model year. Research earmarked by Lotus Engineering includes range extender engines for series hybrids, lightweight vehicle structures, super-efficient internal combustion engines and hybrid and electric vehicles, all areas where Lotus is recognised as being a world leader.

    Luke Bennett, director of Lotus Cars, said: “We must be one of the few car companies in the world that is increasing production and recruiting staff to support increased demand for its products. Lotus has not been immune from the effects of the global economic downturn, but fortunately we are better placed than most due to the timely launch of the new Evora.”

    Last financial year Lotus increased its sales by 2% to £111m in the face of a challenging market. A major contributor to sales growth was Lotus Engineering, the high tech engineering consultancy, which increased sales by 23% despite the curtailment of new product plans by clients in the automotive sector.

    Paul Newsome, Managing Director of Lotus Engineering, said: “I am delighted with our sales growth which stems from developing new markets, growing the existing client base and focussing on green technologies, specifically those that are aimed at reducing CO2 emissions of vehicles. Lotus is unique in the automotive industry, not only as a manufacturer of vehicles both for itself and third parties, but also providing engineering consultancy services to other car companies around the world.”

    On 1st of October 2009, Dany T. Bahar joins Group Lotus plc as its new CEO, replacing Michael J. Kimberley, who retired in July. Prior to joining Lotus, Dany held the position of Senior Vice President, Commercial & Brand for Ferrari SpA and before that was the Head of Corporate Projects Business in Red Bull GmbH. Complementing the already strong Lotus management team Dany brings skills, expertise and leadship which will enhance Lotus’ image, brand and reputation as a world class sportscar and engineering company.

    Led by a strong management team and supported by investment, Lotus has a robust and strategic business plan, a comprehensive high technology portfolio, a healthy order book for its iconic and award winning sportscars and a growing Engineering business, Lotus is better placed than many to capitalise on the rapidly changing automotive market.


    Re: Lotus Invests and Recruits for Growth

    Hey about the next Esprit !



    Board Subject Last post Rating Views Replies
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA 3/17/18 7:20 AM
    264705 1743
    Porsche Sticky OFFICIAL: New 991.2 GT3 (2017) 3/22/18 8:05 PM
    263924 4259
    Porsche Sticky The moment I've been waiting for... 3/5/18 9:21 PM
    166075 957
    Porsche Sticky OFFICIAL: 911 GT2 RS (2017) 3/21/18 11:21 AM
    91998 1664
    Porsche Sticky 992 (Next 911 generation 2019/2020) 3/21/18 5:11 PM
    70898 1091
    Porsche Sticky OFFICIAL: 991.2 GT3 RS (2018) 3/22/18 10:10 PM
    2488 757
    Porsche 918 latest news Thread Closed 11/6/17 10:43 AM
    549448 5574
    Porsche 991 GT3 RS 1/9/18 1:43 PM
    457617 5816
    Porsche OFFICIAL: 991 Turbo and Turbo S 2/9/18 9:50 PM
    447213 4251
    Porsche OFFICIAL: 2016 Porsche Carrera 911 [991.2] Facelift 3/24/17 12:49 PM
    255630 1382
    Porsche OFFICIAL: 911 R (2016) 3/11/18 5:44 PM
    247945 2560
    Porsche Cayman GT4 12/30/17 11:07 AM
    Boxster Coupe GTS
    214046 2482
    Porsche 991 GT2 RS (2017) - Rumors, speculations and gossip Thread Closed 7/3/17 2:04 PM
    175769 1699
    Porsche OFFICIAL: New 991.2 Turbo and Turbo S 1/23/18 12:27 AM
    165171 1074
    Ferrari 488 GTB/GTS 3/22/18 9:20 AM
    143635 1481
    McLaren McLaren on a winning streak 3/23/18 12:52 AM
    139982 2914
    Porsche Boxster Spyder (981) 12/29/17 8:31 AM
    111485 692
    Porsche OFFICIAL: New Panamera (2016) 1/6/18 10:41 PM
    108222 1284
    Others Audi R8 V10 Plus (2016 model) - Review (updated Feb 13th 2017) 3/22/18 7:48 PM
    106058 1992
    Ferrari Ferrari F12 Berlinetta / 599 GTO Successor 12/5/17 3:29 PM
    87842 765
    Others VW caught cheating emissions tests 7/10/17 2:36 PM
    82056 861
    Porsche OFFICIAL: 718 Boxster (2016) 10/20/17 11:17 AM
    81895 732
    Porsche 991 GTS 4/3/17 4:27 PM
    69001 247
    Porsche OFFICIAL: New 991.2 (facelift) Carrera 4 and Carrera 4S 3/30/17 7:33 PM
    Carlos from SpainM
    60778 131
    McLaren F1 8/23/17 11:10 AM
    Carlos from SpainM
    49843 202
    Porsche Donor vehicle for Singer Vehicle Design 12/27/17 10:34 PM
    46761 638
    Porsche UPDATES: 2018 Porsche Cayenne 2/6/18 2:13 PM
    42193 423
    Porsche Porsche Mission E - the future of Porsche? 2/28/18 2:42 PM
    40428 533
    Lambo Huracán Performante in "6.52 something" at the Ring? 11/7/17 12:30 AM
    36681 852
    Porsche OFFICIAL: New 991.2 Carrera GTS models 11/29/17 12:27 PM
    30560 471
    347 items found, displaying 1 to 30.