No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

Lotus denies plans to close Hethel factory amid US expansion talks

by
June 29, 2025
in Investing
0
Lotus denies plans to close Hethel factory amid US expansion talks
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Lotus has insisted it has “no plans” to shut down any of its UK manufacturing sites following reports it was weighing a potential production shift to the United States.

The carmaker, best known for its lightweight sports cars and deep-rooted British heritage, was reported by the Financial Times to be reviewing whether to move some production overseas—putting as many as 1,300 jobs at risk at its Hethel headquarters in Norfolk.

In a statement released on X (formerly Twitter), the company confirmed that it is “actively exploring” new global market opportunities but stressed that “Lotus Cars is continuing normal operations. There are no plans to close any factory.”

Sources at Lotus told the BBC the situation remains under review as the firm evaluates its international production footprint. A key factor driving discussions is the imposition of 25% tariffs on imported vehicles and car parts by the US, a significant market for Lotus. The tariff hike has temporarily disrupted production in Hethel and complicated transatlantic sales.

The Business Secretary, Jonathan Reynolds, is expected to hold talks with Lotus’s owners in a bid to reassure both the company and local stakeholders.

“Lotus remains committed to the UK, to our customers, employees, dealers, suppliers, as well as our proud British heritage,” the company said in a follow-up statement, emphasising the importance of its Norfolk roots.

The uncertainty has prompted local political intervention. Ben Goldsborough, Labour MP for South Norfolk, said he was “deeply concerned” by the rumours surrounding a potential closure of the Hethel plant.

Posting on Facebook, he said he had held “telephone conversations” with Lotus and government officials and vowed to fight to keep the facility open. “I want to be absolutely clear: I will do everything in my power to ensure that the Hethel facility remains operational and that Lotus continues to thrive in Norfolk,” he said.

Lotus’s Hethel site has been its manufacturing base since 1966 and recently underwent major investment as part of the company’s transition to electric vehicles. The firm, now majority-owned by China’s Geely, has been expanding its global ambitions, with a growing focus on North America.

While speculation about a US facility has reignited concerns about Britain’s competitiveness as an EV manufacturing hub, Lotus’s messaging remains consistent: the brand may be going global, but it is not abandoning its UK foundations—for now.

Read more:
Lotus denies plans to close Hethel factory amid US expansion talks

Previous Post

Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

Next Post

Making Life Easier: Breast Pump Tips for Single Mums on the Go

Next Post
Making Life Easier: Breast Pump Tips for Single Mums on the Go

Making Life Easier: Breast Pump Tips for Single Mums on the Go

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Free Markets Promote Peaceful Cooperation and Racial Harmony

    March 15, 2025
    How Much Do Private Blood Tests Cost in London? A Practical Breakdown

    How Much Do Private Blood Tests Cost in London? A Practical Breakdown

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    New Bonded Warehouse Facilities Launched in Immingham

    0

    From Corporate Burnout to High-Performance Coach: Anna Mosley’s Inspiring Journey with ‘Eighty’

    0

    Season F1 Rookie Ollie Bearman and Tech Retailer CeX Join Forces for 2026 Season

    January 28, 2026

    We Can Have Unity or We Can Have Freedom. We Can’t Have Both.

    January 28, 2026
    Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030

    Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030

    January 28, 2026
    Litestream Ventures secures $78m in investor pledges at Davos forum

    Litestream Ventures secures $78m in investor pledges at Davos forum

    January 28, 2026

    Recent News

    Season F1 Rookie Ollie Bearman and Tech Retailer CeX Join Forces for 2026 Season

    January 28, 2026

    We Can Have Unity or We Can Have Freedom. We Can’t Have Both.

    January 28, 2026
    Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030

    Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030

    January 28, 2026
    Litestream Ventures secures $78m in investor pledges at Davos forum

    Litestream Ventures secures $78m in investor pledges at Davos forum

    January 28, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved