RE: Lotus SUV design patents leak
Discussion
rockin said:
"positive earnings before interest, tax, depreciation and amortization"
That's not profit - that's smoke and mirrors. Lotus' finances have always been shaky and became a basket-case once they built a big new factory in Norfolk and didn't produce/sell enough cars to pay for it. It's good to see unit sales picking up bit and I'm sure Geely will want to do something with their new brand - hopefully something more than sticking a badge on the back of some of their cars. The Isuzu Piazza Turbo with its "Handling by Lotus" badge was a previous example, easily forgotten.
Big new factory was paid for by GM, so Lotus could build the VX220 to Vauxhall standards.That's not profit - that's smoke and mirrors. Lotus' finances have always been shaky and became a basket-case once they built a big new factory in Norfolk and didn't produce/sell enough cars to pay for it. It's good to see unit sales picking up bit and I'm sure Geely will want to do something with their new brand - hopefully something more than sticking a badge on the back of some of their cars. The Isuzu Piazza Turbo with its "Handling by Lotus" badge was a previous example, easily forgotten.
suffolk009 said:
Big new factory was paid for by GM, so Lotus could build the VX220 to Vauxhall standards.
It's not really recognised how badly the VX220 deal hit Lotus - for a 'small collaboration' it nearly destroyed the company. They got a shiny new building out of it, but it set them back by at least five years, possibly ten.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff