Lotus CEO Jean-Marc Gales
With news that Lotus won’t be selling any 2015 model year cars in the United States, minuscule sales in their home market of the UK, and announcement of the impending layoff of about a quarter of the firm’s global workforce, many observers think that the company Colin Chapman founded 62 years ago is circling the drain. While there are certainly dark clouds in Lotus’ financial picture, having booked about $447 million in loses over the previous two fiscal years, there is some silver lining some of those clouds. Worldwide Lotus car sales are up dramatically. (Read More…)
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