Lotus reverses plan to shut factory after UK offers fresh support
https://www.ft.com/content/ffad9b52-608b-4045-8052-2da7fe4889a9
Posted by Dependent-Loss-4080
Lotus reverses plan to shut factory after UK offers fresh support
https://www.ft.com/content/ffad9b52-608b-4045-8052-2da7fe4889a9
Posted by Dependent-Loss-4080
5 Comments
Love how companies can just blackmail the government into giving them money.
This is part of how an economy stagnates. Look I’m not saying people losing their job is good, but if we want our country to succeed we need to be willing to break a few eggs. When people talk about “new industries” etc where does the labour force come from? Nowhere?
> In a statement on Saturday, Lotus, which is controlled by Chinese carmaker Geely, said it was “actively exploring strategic options” to improve the efficiency of its operations and global competitiveness.
> Two people with knowledge of the situation said UK government officials contacted Lotus and Geely executives shortly after the report was published. “Everyone just panicked,” said one of the people.
Legal “bribery” or perks to stay?
They were never going to shut the plant, they wanted some government money is all. I’m a consultant and they were hitting me up for what they’re investing lol
Hopefully they invest in EV versions of their sports cars rather than that daft SUV otherwise we’ll just get back here again in a few years