Lotus Group Lost £7.4m In 2005

[Mark H]

Lotus Group lost £7.4m in 2005

 

http://www.autoindustry.co.uk/news/27-03-06_5

 

An Automotive News Europe report last week described the Norfolk-based Lotus Group's plans to develop its engineering services business in pursuit of profitability, after recording a loss of £7.4m on sales of £162.6m last year. Part of the plan involves raising output at the Hethel Lotus Cars plant by assembling niche vehicles for third parties, while engineering services are targeted to increase their contribution to group turnover from about 25% to about one-third by the end of the decade.

 

Lotus' APX concept vehicle presented at the recent Geneva Show showcased the company's contract engineering and 'Versatile Vehicle Architecture' capabilities in the field of contract low-volume vehicle development and assembly.

 

Lotus' latest own-brand model, the Europa S, is to start production in July this year, with a target of 500 units a year; the current Esprit is due for replacement in 2008, and could be accompanied, says Automotive News Europe, by a new four-seater.

 

The head of Lotus' parent company, the Malaysian Proton, reaffirmed its support for Lotus at this month's Geneva Motor Show; it is now affected by a new Malaysian government automotive policy which cuts import tariffs which have protected Proton's domestic sales, but seeks an orderly transition to a more competitive position for Proton.

[PPPMAT]

Not a bad year then....seriously

 

Rumour has it that Aston Martin has never once made a profit (ever)

[Steve J]

My company loses that every year and has done so for over 10 years

 

 

 

Not long yet