News Snapshot:
British sports car maker Lotus has denied reports it is considering closing its only UK plant, and shifting to the US. Multiple publications, including the BBC, Automotive News and the Financial Times, are reporting Lotus is contemplating closing its plant in Hethel, about 20 minutes south of Norwich. Lotus and parent Geely initially refused to comment on the reports, but on Saturday Lotus put out an official press statement: “Lotus Cars is continuing normal operations, and there are no plans to close the factory. We are actively exploring strategic options to enhance efficiency and ensure global competitiveness in the evolving...
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