
Lotus Cars job losses as 'volatile market' and US tariffs blamed
Up to 270 jobs are to go due to "evolving market conditions including the US tariffs", Lotus says.

Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Exactly. Its a Lotus, not a special run Ferrari. It will depreciate, bottom out and then ride with inflation. Manuals will get a little bump but otherwise spec doesn't seem to mater much. Buy them to drive them. If you can find your spec used go for it and reap the savings.This must be in a very specific geographic part of the US for you.
I'm on the west coast and track used car trading values and discounts on new cars and this is simply not the case in most of the US. There have been documented cases of used cars (essentially new) trading for mid $80k (see BAT - Bring a trailer) and new cars getting $5k off MSRP with not a lot of effort (I got more on my recent purchase).
The reality is these cars are rare, but there's no correlation between exclusivity and value in the case of Lotus cars. BTW, all previous models played out identically. And before anyone says what about elises and exiges? Sure, but you had to wait 20 years to get your money back. That's not appreciation, that's called "time value of money" aka inflation. I'm sure my emir will trade for what I bought it for in 20+ years as well.
I can vouch for the terrible customer care, in fact i’d say it’s now non existentTo be fair, Lotus has been staggeringly unlucky since the Emira launch: COVID pandemic, Ukraine war, US and European tariffs on Chinese EVs, and now the tariff war. They just can't catch a break.
Unfortunately they compounded this bad luck with a couple of major strategic blunders and terrible execution.
Strategic blunders: aiming for 100% EV at least five years too early, trying to reposition as a high-end luxury brand too quickly with Evija, Emeya and Eletre, plus a failed attempt to take over sales from the dealer network in the UK
Execution blunders: long list but includes not getting on top of quality control, going to market with software that wasn't ready, and having terrible customer communication and customer care
1,300 working in manufacturing there in July 2025 - this cuts it down to 750.It's a third of the current staff this time, and now 80% of the total UK Lotus staff gone in under 18 months.
Very sad to see. It strongly suggests new Emira sales are drying up. Where on earth are the S or R go faster variants to keep the market interested? It's almost like they have given up.
Interestingly the UK configurator, once I got past the toe curling 'are you a driver or what' strapline, is now only offering the I4.
If Lotus moves manufacturing to the US it will become the new MG.It'd be nice if assembly continued in England, but I'm more concerned that Emira production continue somewhere, even if it is in the US. I think that car is a real contender to the 911, or even the 718 GT4.
Promoted to a new role in a different country then kicked out. Different employment laws offering less protection to him?This is not good. I was wondering if the reason why Matt stepped down and left Lotus was because Geely said they're going to shut down Hethel, and he said basically if Hethel goes he goes, and they said c'ya. This will be a huge mistake. Losing Hethel and moving production to somewhere in the U.S. will lose the mystique of Lotus. There's a reason why the brand has continued with a loyal following all these years.
Geely if you're reading this... learn from the mistake Jaguar made... learn from the mistake Cracker Barrel has just made. Changing the historical identity of certain types of brands is disastrous. A Lotus is more than just a sports car. Work something out with the U.K. government. Contact Donald Trump and work something out. He's a negotiator and loves to make deals. Instead of building a new factory in the U.S., invest in building a network of dealerships and support.
Maybe you can make a deal to make parts in the U.S., then ship them to Hethel to build the cars, and in return there's no tariff on completed cars being sold here. Think.... make a deal. There has to be a way.
I agree. I buy cars because of the driving experience and design. Doesn't matter if they are from Japan, Italy, UK, US or anywhere else.It'd be nice if assembly continued in England, but I'm more concerned that Emira production continue somewhere, even if it is in the US. I think that car is a real contender to the 911, or even the 718 GT4.
Matt stepped down and left Lotus
Oddly, something in the phrasing of the corresponding article on FT suggests that he was removed from the lead role, but is still at Lotus...Promoted to a new role in a different country then kicked out. Different employment laws offering less protection to him?
They also chose horrible dealerships to sell their vehicles. The two I know of are snobby high end dealships who have horrible customer service in the USA.To be fair, Lotus has been staggeringly unlucky since the Emira launch: COVID pandemic, Ukraine war, US and European tariffs on Chinese EVs, and now the tariff war. They just can't catch a break.
Unfortunately they compounded this bad luck with a couple of major strategic blunders and terrible execution.
Strategic blunders: aiming for 100% EV at least five years too early, trying to reposition as a high-end luxury brand too quickly with Evija, Emeya and Eletre, plus a failed attempt to take over sales from the dealer network in the UK
Execution blunders: long list but includes not getting on top of quality control, going to market with software that wasn't ready, and having terrible customer communication and customer care
Panels manufactured by an international, Japanese owned company. They would no doubt be footing the bill for the whole cost of replacements.Well, they can feel free to move the body panel manufacturing to somewhere else... surely having those made with competence and consistency would stem some bleeding from warranty costs
From a purely selfish perspective, I don't mind if they have to scale back output to stay afloat (and job cuts are a very sad factor in that, for sure) - I just hope the company manages to continue to exist and support the vehicles that already exist.
From a less selfish perspective, I have a lot of sympathy for the people who have been let go, largely due to factors out of their control. I'm glad to hear they are receiving some sort of consideration and support. They should all be proud of the amazing products they managed to create in their time at Lotus.
Oddly, something in the phrasing of the corresponding article on FT suggests that he was removed from the lead role, but is still at Lotus...![]()
![]()