9040 views

0 Members and 1 Guest are viewing this topic.


Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
Well - hopefully more than just two... :D

Quote
Multi-million pound plans to build two new Lotus cars in East Anglia have been given a twin vote of confidence - from the car-maker's Malaysian owners and the British government.

The EDP revealed earlier this week that Lotus had been told it was both "too big" and "too small" for a share of the £2bn promised to the British car industry by Lord Mandelson for research into greener motoring.

The firm was said to be too large to access British government support, and not big enough for government-backed loans from the European Investment Bank.

But Group Lotus chief executive Mike Kimberley revealed last night he has now been assured by a senior Whitehall official that Lotus is eligible for aid.

The green light from Whitehall is a boost for both Lotus's carmaking operation and pioneering engineering consultancy in Norfolk - and came a day before executives from its parent company Proton arrived in the county.

The EDP understands the Proton executives have also kept faith with plans to develop two new Lotus models in future, including a new Esprit, despite the uncertain economic climate.

Group Lotus chief executive Mike Kimberley declined to discuss the detail of the meeting with the Proton executives, but said the parent company had shown "tremendous support".

He added that the government's change of heart on funding was prompted by an intervention by South Norfolk MP Richard Bacon - and the EDP.

"Whereas previously we were told that we were too big and too small, thanks to Her Majesty's Government, Lotus has now been accepted as eligible for funding support from the European Investment Bank," Mr Kimberley said.

"One of our senior directors is negotiating on that front."

It is understood that the European Investment Bank will offer aid to car markers for projects worth at least £25m.

Mr Kimberley added: "We're really very pleased and thank the government and Richard Bacon, who was instrumental. I'd also like to personally thank the EDP for its support."

Lotus employs more than 1,000 people and has more than has been at the forefront of green engineering in recent years, including building a zero emission electric car for Tesla.

Faith was also shown in the car maker's green expertise last summer by awarding it a share of two contracts to develop a zero emission London taxi cab by 2012and work on a more environmentally friendly executive vehicle.

The Lotus Evora, which made its debut at last year's London Motor Show and was on show in Geneva last week, was meant to be the first of three new models in a five year business plan.

The return of Mr Kimberley - who was Lotus chief executive in the mid-1980s - three years ago has seen a £5m loss become a £2m annual profit.

Production at Hethel is about to increase from 44 cars a week to 54 by the end of March and 88 a week by July.

http://new.edp24.co.uk/content/news/story.aspx?brand=EDPOnline&category=NewsSplash&tBrand=EDPOnline&tCategory=News&itemid=NOED06%20Mar%202009%2018%3A51%3A20%3A127



Offline mondi

  • Resident Bogan
  • Moderator

  • Joined: Jul 2008

  • Location:
  • Drives:



Offline mhh

  • Chief Test Pilot

  • Joined: Feb 2006

  • Location: Adelaide
It would be a huge shame but I doubt Lotus will survive this downturn.  The business was marginal in the boom - how the hell will it get through a deep recession?



Offline dkabab

is TVR still alive? if they can survive then lotus can






Offline futurism


  • Joined: Jan 2009

  • Drives: Regretfully sold my GT3
  • Location: Adelaide
  • Name: David
Lotus is 2 companies
the car making business is rarely profitable for them
the consulting to every other car company business, mostly in secret, is very profitable

I suspect that a break even or loss in the car making business is required to keep their skills up to succeed in the consulting business

someone was trying to convince me the other day that lotus did work for nissan on the gtr chassis
they claim to have over 300 consulting projects on the go currently I think (interview in evo magazine recently)



Offline dkabab

sounds believable.... ive heard "lotus tuned suspension" many times by various manufacturers.



Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
I think we discussed this a while back - something to do with last time the 2m profit was mentioned, in the end Lotus Cars are just the showcase of their business.



Offline 993tits

  • Pepé Le Porsche

  • Joined: Jan 2008

  • Location:
  • Drives:
Lotus is much more than 2 companies...they have an aerospace division and a composite technologies division and huge consulting engineering division which works for all sorts of companies from other car manufacturers to white goods designers. They are advertising for another 32 engineers in the UK now and appraently are able to assemble a very talented team due to the employment wasteland environment over there at present.
I hope they stay safe during this recession, they are one of the few bright lights in the sprots car arena.   :eek:
Always Gunna



Offline 993tits

  • Pepé Le Porsche

  • Joined: Jan 2008

  • Location:
  • Drives:
Sprots Cars are one of my favourite things.......just wanted you guys to know that! :scratchchin:
Always Gunna



Related Topics

  Subject / Started by Replies Last post
0 Replies
2745 Views
Last post Wed, 21 Jan, 2009 - 11:47
by mondi
0 Replies
3442 Views
Last post Mon, 20 Apr, 2009 - 03:10
by proracer
6 Replies
4358 Views
Last post Fri, 27 Jul, 2012 - 14:47
by AshSimmonds
11 Replies
9047 Views
Last post Fri, 05 Sep, 2014 - 18:42
by Alpinem3e92
4 Replies
1760 Views
Last post Sun, 05 Oct, 2014 - 16:48
by allanuber


Latest Discussions

BOARD TOPIC MEMBER POSTED
[ Porsche ] 991 GT2 RS JPG Today at 09:58
[ Lamborghini ] Huracan Performante shack Today at 09:57
[ Off Topic ] Aussie Politics E7ITE Today at 09:51
[ Funny Cool Stoopid ] it's funny cause i'm drunk!! PA Yesterday at 23:08
[ Ferrari ] 812 Superfast JBO Yesterday at 21:19
[ Porsche ] Porsche 991 911 R – Australian Registry NBTBRV8 Yesterday at 18:58
[ Cars ] Amazing Cars For Sale Aircon Yesterday at 18:43