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Norfolk’s Lotus to create 150 new jobs as it launches new Evora

17:23 18 February 2015

Lotus Evora 400. Picture submitted

Lotus Evora 400. Picture submitted

Archant

Sports car manufacturer Group Lotus has announced plans to create 150 new jobs as its gears up to launch one of the fastest cars in the company’s history.

Jean-Marc Gales CEO LotusJean-Marc Gales CEO Lotus

The Hethel-based business has revealed that it will bolster its manufacturing department over the next four months to tie in with the release of the Evora 400 sports car.

The new model, which can reach a maximum speed of 186mph and accelerate from 0 to 60mph in 4.1 seconds, is the first road-going sports car to be rolled out under the company’s new chief executive Jean-Marc Gales, who aims to return the firm to profit within the next three years.

The new manufacturing roles, which will be predominantly in Norfolk, underpin plans to scale-up the production of all its models to 70 cars per week by the end of September.

The recruitment drive comes despite the EDP Top 100 company announcing at the end of last year that it would axe 325 staff from its global workforce of 1,215. The cuts, which hit its marketing, engineering and processing departments, saw 252 jobs lost in Norfolk.

Mr Gales said: “A requirement for all Lotus cars is to be a benchmark for handling, to be the quickest car from A to B and to provide the driver with a pure and involving driving experience.

“The Evora 400 is the fastest road-going Lotus that we have ever produced, possessing performance that can only be matched by cars costing significantly more. It delivers supercar looks allied to supercar performance.”

Lotus Group International reduced its losses from £167.8m to £71.1m to the end of March 2014, while its car division notched a 1pc increase in revenues to £68.5m.

He added: “Our dealer network stands at 168 worldwide, which is still growing to reach 200 dealers by the end of 2015, while our sales volumes have increased by over 50pc in the last 10 months. 
“The new Lotus Evora 400 will make its mark as a significant milestone in the history of Lotus. Looking to the future, the Lotus Evora 400 will remain core to our product line up for many years to come, with more exciting derivatives planned within the next few years.”

The new Lotus Evora 400 will enter production in the summer of this year.

• Do you have a business story for the Eastern Daily Press? Contact business editor Ben Woods on 01603 772426 or email ben.woods@archant.co.uk

5 comments

  • Bit like the Hokey Kokey.. In out shake that's what it's all about! If you worked there previously, would you go back in the knowledge it could be temporary again? Was a deal done with the Government? Tax assistance or grant??

    Report this comment

    Andy T

    Thursday, February 19, 2015

  • Interesting. But Lotus has only ever made a profit selling cars in one year of it's existence. Usually they make money on contracts from other vehicle manufacturers. But they have sacked all the engineers who used to make them money and lost those contracts? Now they can't even afford to pay suppliers or fix the loos.

    Report this comment

    Lisa Lane

    Wednesday, February 18, 2015

  • Fire last year, hire this year. You know what will happen next..

    Report this comment

    Tone the moan

    Wednesday, February 18, 2015

  • They will be shedding 300 jobs after the elections then?

    Report this comment

    Twig Stevens

    Wednesday, February 18, 2015

  • I don't quite understand how jobs were axed last year and now 150 new jobs will be created, but I still hope Jean-Marc Gales meets his goal within the next three years. As far their cars being the fastest from A to B, I'm not sure that's realistic considering the traffic on the roads these days. How about Lotus inventing cars that fly?

    Report this comment

    Ar ya reet boi?

    Wednesday, February 18, 2015

The views expressed in the above comments do not necessarily reflect the views of this site

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