This was a tough role for any exec. I met Matt at the Emira launch at Galpin Lotus. I wish him well in his future pursuits.
I think automotive manufacturing in England, for 'volume' sportscars, is coming to an end. They are simply rearranging the deck chairs on the titanic, IMHO. To most people's horror, Geely would be better off moving all production of 'affordable' sportscars to a region of the world that is growing. There are 600 million middle-class folks, with aspirational desires, in China and India. Affordable sportscars are a thing they want. If the Lotus brand is to continue, they need to move towards unsaturated markets that are still growing. Geely have production capacity in China that is vastly underutilized. And possibly in South Carolina?
Developed markets, like the US and Eurozone, are more and more constrained by regulatory requirements and consumer demands for quality/price. Profit margins are terrible as a result. Plus the flood of great sporstcars these last 20 yrs has met the demand and the future natural take rate will not be as healthy. We've enjoyed an unprecedented selection of great sportscars - it has NEVER been better.
I'm sure this won't be a popular opinion but it comes from an person with 40yrs of direct experience in this insanely competitive industry. I've been a direct participant with an insider's view of this industry's machinations. I would rather see Lotus survive than see it go the way of other storied brands(SAAB, Pontiac, etc.).
Some consolidation is in order for the auto industry and those that start now, will have a fighting chance to survive.