RE: Group Lotus PLC may be wound up
Discussion
PiB said:
WTF Mate!?
Why not just say something like, "helped by the recent F1 victory."
WTF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Nick644 said:
I wonder whether a company like Tata might be interested? Another British home grown brand, still has a great name, (helped with Kimi Raikennon winning last weekend!).
SPOILER! Why not just say something like, "helped by the recent F1 victory."
the grand prix was more than a day and a half ago. You live in a vacuum or something?????????????????????
Nick644 said:
PiB said:
WTF Mate!?
Why not just say something like, "helped by the recent F1 victory."
WTF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Nick644 said:
I wonder whether a company like Tata might be interested? Another British home grown brand, still has a great name, (helped with Kimi Raikennon winning last weekend!).
SPOILER! Why not just say something like, "helped by the recent F1 victory."
the grand prix was more than a day and a half ago. You live in a vacuum or something?????????????????????
Indeed but this is Pistonheads, any excuse for an Internet warrior to start an argument! 
Fire99 said:
'Loose lips sink ships' - As much as journalists love the scoop on a story, sometimes considering the potential impact first might be worth considering. Especially when it is an iconic brand like Lotus.
Disappointing display of priorities.
But on another level any free publicity is good publicity so the marketing men used to say,I think they will be around for a while yetDisappointing display of priorities.
they have had worse leveled at them ,they survived the Eclat and the Elite
and then made the Esprit ,never fear he who dares drives a Lotus .;)
TheLastPost said:
Bit of a fail there, in my opinion. To get maximum effect they needed to go on a Facebook rant, lampoon some F1 journalists and insert more awkwardly-forced humour.
Agreed.
Have to say this is bad journalism on the part of PH. And it shows poor understanding of how the world works on the part of the journalist who wrote this.
Any company can be given a winding up order, including Haymarket. Frequently, big corporations are served with them. Its a tactic in credit control used by people who want to SHOUT to get an invoice paid.
Very poor show on PH's part to report it in this way.
And it is still here, some 24 hours later.
Very poor show indeed.
Have to say this is bad journalism on the part of PH. And it shows poor understanding of how the world works on the part of the journalist who wrote this.
Any company can be given a winding up order, including Haymarket. Frequently, big corporations are served with them. Its a tactic in credit control used by people who want to SHOUT to get an invoice paid.
Very poor show on PH's part to report it in this way.
And it is still here, some 24 hours later.
Very poor show indeed.
To be fair, the company IS failing. There are obviously not enough products being sold to sustain an organisation like Lotus. The consultancy side of the business may in itself be profitable, but it's clear that the car producing cannot.
One cannot sustain the other indefinitely.
To let a supplier get as far as winding up petition is likely to be the tip of the iceberg and illustrative of industry goodwill toward Lotus disappearing.
One cannot sustain the other indefinitely.
To let a supplier get as far as winding up petition is likely to be the tip of the iceberg and illustrative of industry goodwill toward Lotus disappearing.
10 Pence Short said:
To be fair, the company IS failing. There are obviously not enough products being sold to sustain an organisation like Lotus. The consultancy side of the business may in itself be profitable, but it's clear that the car producing cannot.
One cannot sustain the other indefinitely.
To let a supplier get as far as winding up petition is likely to be the tip of the iceberg and illustrative of industry goodwill toward Lotus disappearing.
It may be. But we can only speculate. One cannot sustain the other indefinitely.
To let a supplier get as far as winding up petition is likely to be the tip of the iceberg and illustrative of industry goodwill toward Lotus disappearing.
This "news" is not enough to kick start such discussions, which could do harm.
If I was a vending machine service company miffed that Pistonheads was late paying my bill for coffee granules, I could hit them with a winding up order right now. Would it be appropriate to report that "Haymarket may be wound up" in the national media?
Comparing the situation of Lotus with Haymarket or HSBC is unhelpful. Neither of the latter companies has been subject of the much publicised difficulties of Lotus.
It is fair journalism to assume a greater relevence to a winding up order against a struggling company such as Lotus, than an otherwise healthy one such as HSBC or Haymarket.
It is fair journalism to assume a greater relevence to a winding up order against a struggling company such as Lotus, than an otherwise healthy one such as HSBC or Haymarket.
MagicalTrevor said:
Exactly.
Scroff: yes, they had been on a winding up list but you've reported it out of context. Did you contact Lotus for comment or just hit 'submit' to get the headlines?
Just take the story down, enough damage has been done.
He did 'a spokesperson from Lotus told PistonHeads categorically that that won't be the case.'Scroff: yes, they had been on a winding up list but you've reported it out of context. Did you contact Lotus for comment or just hit 'submit' to get the headlines?
Just take the story down, enough damage has been done.
I think he was careful to add that nothing will happen, even in the sub head. It's news, news is reported and he contacted Lotus for comment.
The story was updated as news came in, and was titled as such, so it's fair.
Garlick said:
He did 'a spokesperson from Lotus told PistonHeads categorically that that won't be the case.'
I think he was careful to add that nothing will happen, even in the sub head. It's news, news is reported and he contacted Lotus for comment.
The story was updated as news came in, and was titled as such, so it's fair.
No really, is it.I think he was careful to add that nothing will happen, even in the sub head. It's news, news is reported and he contacted Lotus for comment.
The story was updated as news came in, and was titled as such, so it's fair.
The front page headline reads "group lotus winding up petition - updated".
Anyone reading that without clicking through would probably assume the company had gone bust.
You could have used "Lotus in supplier dispute" which is much less exciting, but more accurate. Or even "Lotus resolves supplier dispute" which would have a positive spin. But you chose to go with the sensationalist approach.
As others have said, shame on you. We thought your standards were higher than others. Apparently not.
10 Pence Short said:
Comparing the situation of Lotus with Haymarket or HSBC is unhelpful. Neither of the latter companies has been subject of the much publicised difficulties of Lotus.
It is fair journalism to assume a greater relevence to a winding up order against a struggling company such as Lotus, than an otherwise healthy one such as HSBC or Haymarket.
But the narrative behind publishing it is based on speculation. We don't know Lotus' current financial position other than that they are owned my DRB Hicom and the business is being reviewed. Nothing has been told to the markets. Anything else is just heresay and rumour. PH should be dealing in facts and while the winding up order being served is indeed a fact, it is only given weight because of a background context that is based on speculation. I'm not sure that is good enough.It is fair journalism to assume a greater relevence to a winding up order against a struggling company such as Lotus, than an otherwise healthy one such as HSBC or Haymarket.
In any event, it is a bit " Daily Mail" of PH to run the story.
It is over-sensationalist , given that winding up orders like these are not an uncommon thing, given that it was purely procedural because the dispute has been long settled and that, as a result, it was never going to be on the cards that the winding up order was ever going to be served.
News has been made where, effectively, there is none.
schrodinger said:
Garlick said:
He did 'a spokesperson from Lotus told PistonHeads categorically that that won't be the case.'
I think he was careful to add that nothing will happen, even in the sub head. It's news, news is reported and he contacted Lotus for comment.
The story was updated as news came in, and was titled as such, so it's fair.
No really, is it.I think he was careful to add that nothing will happen, even in the sub head. It's news, news is reported and he contacted Lotus for comment.
The story was updated as news came in, and was titled as such, so it's fair.
The front page headline reads "group lotus winding up petition - updated".
Anyone reading that without clicking through would probably assume the company had gone bust.
You could have used "Lotus in supplier dispute" which is much less exciting, but more accurate. Or even "Lotus resolves supplier dispute" which would have a positive spin. But you chose to go with the sensationalist approach.
As others have said, shame on you. We thought your standards were higher than others. Apparently not.
Sorry Garlick et al, this is poor form.
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