Mike Kimberley, Chief Executive of Group Lotus plc, said, “It has been a long time coming but I welcome the announcement given by Lord Mandelson, today. I am delighted that the UK government has recognised the vital importance to the automotive industry of research into green, environmental and low carbon vehicle solutions. This is an area that Lotus has been working for many years and I am pleased to say that Lotus is now acknowledged as a world leader in the relevant and significant areas of alternative fuels, electric and hybrid technology and of course staying true to the Lotus brand value of creating light weight and efficient vehicles.”
Commenting on Group Lotus business, Mike Kimberley said, “It will be a very tough year for the global automotive industry, but Lotus is reasonably placed compared to some other car companies. We have an ambitious research and development programme and we are very encouraged by the invitation given by Lord Mandelson to Regional Development Agencies to bring forward programmes for research and development into cleaner engines and lighter cars, an area in which Lotus is one of the world leaders.
“We have restructured and prepared our three key areas of business, the manufacture and sale of Lotus cars, world class high technology automotive engineering consultancy and contract manufacturing for third parties, to assist in riding this economic down-turn and to continue as world leaders in advanced automotive technology and low carbon cars of the future.”
ENDS
About Lotus
The main operating subsidiary of Group Lotus plc is Lotus Cars Ltd, which has two operating divisions - Lotus Engineering and Lotus Cars. Lotus Engineering is an internationally recognised automotive engineering consultancy based in Norfolk, UK. Global facilities include those in Michigan (USA), Kuala Lumpur (Malaysia), China and offices in Germany and Japan, with rapid expansion in new territories such as South East Asia.
Lotus Engineering provides comprehensive and versatile consultancy services to many of the world's OEMs and Tier 1 suppliers, offering a full engineering service from initial concept and project design through development and integration of the complete vehicle to meet all worldwide markets and customers to full production. This includes third party 'niche vehicle' engineering and manufacture worldwide.
Lotus Cars builds world class, prestige, high performance sports cars for sale in 37 countries. These include the iconic Lotus Elise, and the Exige and Europa. Lotus’ latest model, the Lotus Evora, goes on sale from Spring 2009. Lotus is a global high-tech company, expanding rapidly and committed to driving forward technology for both Lotus Cars and its Engineering clients, spearheading research into such areas as hybrids, electric vehicles and renewable fuels.
For more information about Lotus please contact:
PR Department; Group Lotus plc,
Potash Lane, Hethel, Norfolk, UK, NR14 8EZ
Tel: +44(0)1953 608264;
Email: pr@lotuscars.co.uk