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Report: Lotus hiring 100 after securing 100m investment

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    Report: Lotus hiring 100 after securing 100m investment

    Filed under: Hirings/Firings/Layoffs, Lotus, Earnings/Financials


    Lotus is getting a shot in the arm courtesy of corporate parent DRB-Hicom, which has announced a 100-million pound ($152.3M USD at today's rates) investment in the Hethel, UK-based manufacturer. The troubled brand was also in the news last week, with DRB announcing a new, three-year plan that would see variants of existing models introduced.

    The money will create 100 new jobs in Hethel, with 45 new engineers, 40 manufacturing operatives and 18 university grads joining the team. Lotus has already seen an uptick in sales this year, according to a Norfolk-based news site, with 40 to 45 cars being produced per week and 722 road cars and 45 race cars sold between January and May. Even sales in the UK have seen a big jump - Lotus only moved 70 units in 2012, but it's already sold 80 cars in the first half of 2013.

    Better yet, Lotus is citing an increased demand for its cars around the globe as the motive behind the new hires. While still quite uncertain, Lotus looks like it might finally be on the right track.Lotus hiring 100 after securing 100m investment originally appeared on Autoblog on Fri, 02 Aug 2013 17:46:00 EST. Please see our terms for use of feeds.
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