Wednesday, December 17, 2025
No Result
View All Result
newshub
  • Global news
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Newshub long-read
  • Financial insights
    • Australia
    • Banking
    • Business of the week
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Europe
    • Fin & tech
      • Tech
      • AI
      • Blockchain
    • Investment
    • Japan
    • Neobanking
    • South East Asia
    • UK
    • US
  • Africa
    • Africa finance
    • Burundi
    • Gambia
    • Senegal
  • Asia
    • Asia finance
    • Laos
    • Malaysia
    • South Korea
  • Caribbean
  • MSTRpay
  • Press releases
  • Global news
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Newshub long-read
  • Financial insights
    • Australia
    • Banking
    • Business of the week
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Europe
    • Fin & tech
      • Tech
      • AI
      • Blockchain
    • Investment
    • Japan
    • Neobanking
    • South East Asia
    • UK
    • US
  • Africa
    • Africa finance
    • Burundi
    • Gambia
    • Senegal
  • Asia
    • Asia finance
    • Laos
    • Malaysia
    • South Korea
  • Caribbean
  • MSTRpay
  • Press releases
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Lotus to halt UK sportscar production, risking over a thousand jobs – video

2025/06/28/09:52
in UK News
Reading Time: 3 mins read
262 11
A A
Lotus to halt UK sportscar production, risking over a thousand jobs – video

The Emira is a new era of sports car from Lotus, and will be its final petrol-powered performance car. It’s like an encore at your favourite band’s concert. It’s the last hurrah before the party ends – and it's a fantastic way to say goodbye.

British carmaker Lotus has announced it will cease production of its iconic sports cars at its historic Norfolk facility, placing around 1,300 jobs at risk and marking a profound shift in the firm’s manufacturing future.

The company confirmed this week that production of its Emira model—the last combustion-engine car it builds—will end by early 2027. From that point onward, Lotus will focus exclusively on electric vehicles, with all future models to be manufactured in China at its parent company Geely’s state-of-the-art facility in Wuhan.

The decision signals the end of more than seven decades of sports car craftsmanship at Hethel, where Lotus gained global recognition for producing lightweight, precision-engineered vehicles. Models such as the Elise, Esprit and Exige helped define British motoring performance and built a cult following across generations.

Esprit
Elan
Europa

Lotus said the shift was essential to align with its long-term electrification strategy. CEO Qingfeng Feng described the move as “difficult but necessary”, pointing to scale, technology access and global logistics as driving factors. “We are building the future of Lotus as a leading global EV brand,” he said. The company insists it will retain a smaller engineering and commercial presence in the UK, with around 250 positions expected to remain.

But unions and local officials have reacted with alarm. Unite the Union called the decision “a betrayal” and vowed to push for alternatives that would keep production in Britain. Norfolk County Council leaders described the announcement as a devastating blow to the region’s industrial base. Many of the at-risk employees are skilled workers with decades of service at the plant.

The timing adds further strain to Britain’s automotive sector, which is already facing challenges from rising costs, Brexit-related trade issues, and fierce global competition in the electric vehicle space. While the UK government has pledged to support domestic EV manufacturing, critics say it has not done enough to retain core industrial capacity or compete with subsidies in the US and EU.

Lotus has undergone a dramatic transformation since Geely took a majority stake in 2017. Its pivot toward the luxury electric segment has led to new models such as the Eletre SUV and the forthcoming Type 133 saloon—both built outside the UK. While global expansion may secure the company’s profitability, it is doing so at the cost of its British manufacturing roots.

For many, the end of UK sportscar production at Lotus represents more than a business decision—it closes a chapter of national engineering heritage. The Emira, poised to be the final petrol-powered car built at Hethel, may soon carry symbolic weight as the last of a proud lineage.

REFH – newshub finance

No Result
View All Result

Recent Posts

  • European and African markets open cautiously as London edges higher
  • MSTRpay Extends Free Global Access to Newshub-Finance Through 2026
  • Tourism remains key to Jamaica’s economic recovery
  • Asian markets open mixed amid cautious global cues
  • On this day in 2011: North Korean ruler Kim Jong Il died

Recent Comments

    Archives

    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • Africa finance
    • AI
    • An diesem Tag
    • Asia
    • Asia finance
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Burundi
    • Business of the week
    • Carbon
    • Caribbean
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Jamaica
    • Japan
    • Laos
    • Laos
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub long-read
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Senegal
    • Solar
    • South America
    • South East Asia
    • South Korea
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind
    • World safety

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • European and African markets open cautiously as London edges higher
    • MSTRpay Extends Free Global Access to Newshub-Finance Through 2026
    • Tourism remains key to Jamaica’s economic recovery
    • Asian markets open mixed amid cautious global cues
    • On this day in 2011: North Korean ruler Kim Jong Il died

    Categories

    • Africa
    • Africa finance
    • AI
    • An diesem Tag
    • Asia
    • Asia finance
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Burundi
    • Business of the week
    • Carbon
    • Caribbean
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Jamaica
    • Japan
    • Laos
    • Laos
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub long-read
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Senegal
    • Solar
    • South America
    • South East Asia
    • South Korea
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind
    • World safety

    Archives

    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    newshub

    © 2023-2025
    MSTRpay AB
    Legal & Disclosure

    • Global news
    • Financial insights
    • Africa
    • Asia
    • Caribbean
    • MSTRpay
    • Press releases

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Global news
      • Climate & energy
        • Climate
        • Carbon
        • Coal
        • Disruptive
        • Gas
        • Nuclear
        • Oil
        • Solar
        • Water
        • Waves
        • Wind
        • Renewable
        • South America
      • Lifestyle
        • Best chefs
        • Cocktail of the week
        • History
        • Influential women
        • Newshub long-read
    • Financial insights
      • Australia
      • Banking
      • Business of the week
      • Central Banks
      • China
      • Commodities
      • Corporate
      • Europe
      • Fin & tech
        • Tech
        • AI
        • Blockchain
      • Investment
      • Japan
      • Neobanking
      • South East Asia
      • UK
      • US
    • Africa
      • Africa finance
      • Burundi
      • Gambia
      • Senegal
    • Asia
      • Asia finance
      • Laos
      • Malaysia
      • South Korea
    • Caribbean
    • MSTRpay
    • Press releases

    © 2023-2025
    MSTRpay AB
    Legal & Disclosure