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  • Lotus defies downturn

    Nov 12, 2008 10:53 AM

    Lotus has bucked the global trend for car companies to post falling profits by reporting a £2 million profit for 2007.

    Although the firm’s turnover fell from £133m to £108m, it improved on 2006’s £5m loss by concentrating on its engineering and consultancy business. Lotus Engineering, a separate business to Lotus Cars, specialises in lightweight vehicles and fuel-efficient technology.

    "Over the last few months, the demand for our green and environmentally sustainable technologies...Read the full article
    • Ubizzle
    • Joined Aug 06, 2008
    • 34 Posts
    • Status: Offline

    Re: Lotus defies downturn

    Nov 12, 2008 10:53 AM

     Possibly because people are going from higher-end sports car makers, to cheaper, more frugal ones? Either way, great to hear :-)

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