British sports car company Lotus has said they will have to cut 270 jobs amid the US President’s tariffs which has created “volatile market conditions” globally.
The Chinese brand will now speak with their largest shareholder Geely Holding Group who also has shared in Polestar and Volvo.
The spokesperson said, “Lotus Cars has announced a proposed business restructure to ensure sustainable operations, amid volatile and evolving market conditions including the US tariffs and shifting consumer demand for sports cars.
“The company plans to increase synergies across the wider Lotus brand and with its largest shareholder and technology partner, Geely Holding Group.
“It will look at greater resource sharing and collaboration in technology, engineering, and operations.”
