Lotus Financial state - interesting read

[Jonhklee]

Lotus secures £74m funding for ambitious EV plans but accounts reveal 'year of transition' – Car Dealer Magazine

Lotus has secured a £74m funding deal to bankroll its transition towards all-electric motoring. The Norfolk-based outfit has received a £24m loan from its

cardealermagazine.co.uk

Interesting finance at Lotus HQ!

 

[wallstbear]

Not surprising... It's indeed a transitional period as the old models are being discontinued while the Emiras aren't really delivered to consumers in any meaningful quantities yet.

BTW, the license fee is smart tax move to fully utilize the UK losses. Imagine that profit being kept in China (and taxable) while the UK losses go to waste. Nothing surprising there at all, but as long as they have a healthy inflow of Emira orders, and people stop comparing the Emira with Golf Rs, all is good shape so far for the legendary brand.