Overview

• A formal consultation has opened on redundancies that could affect up to 40% of the Hethel workforce, with roles across engineering, manufacturing and support at risk.
• First‑half deliveries fell 43% to 2,813 vehicles, with US sales down 66% and Europe down 41% while China grew, bringing revenue to $218 million.
• Lotus reported an operating loss of about £195 million for H1 2025, following a Q1 net loss of $183 million and total debt reported at roughly $3.3 billion.
• Company statements say Norfolk will remain the home for sportscars, motorsport and engineering consulting despite the restructuring plan.
• Management attributes the downturn to softer luxury EV demand and changing US tariff policy, and is pursuing greater group integration plus third‑party manufacturing to improve efficiency.