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Sports car maker Lotus to cut 550 jobs in UK

By Frank Prenesti

Date: Thursday 28 Aug 2025

(Sharecast News) - Sportscar manufacturer Lotus is cutting 550 jobs at its UK headquarters in Norfolk, the company said on Thursday, citing US tariffs.
The sportscar maker, owned by China's Geely, said the decision followed a review of business objectives in line with "current market conditions". It currently has about 1,300...

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