Business Secretary Jonathan Reynolds will hold talks with Lotus after the carmaker moved to ease concerns over the future of its UK factory.
The UK’s Business Secretary Jonathan Reynolds is set to speak with Lotus after reports that its Chinese owner, Geely, was considering shutting production at the Hethel plant in Norfolk, risking 1,300 jobs.
Lotus issued a statement saying it had “no plans” to close the factory and remained committed to the UK, its largest commercial market in Europe.
The Financial Times had reported that Lotus was weighing shifting production to a new facility in the US.
In its statement, Lotus said operations in Norfolk were continuing as normal and that it was “actively exploring strategic options to enhance efficiency and ensure global competitiveness.”
Lotus also highlighted its recent investments in UK R&D and operations since Geely took majority ownership in 2017.
A UK government spokesperson declined to comment on commercial speculation but confirmed Reynolds will hold talks with the company.
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English actor Jonathan Bailey, who returns to movie theatres this month in the musical film "Wicked: For Good," was named this year's "sexiest man alive" by People magazine on Monday (3 November).
A British man accused of carrying out a mass stabbing on board a train on Saturday was charged on Monday with 11 counts of attempted murder, including over a separate incident earlier the same day at a train station in east London.
Bella Culley, a pregnant British teenager jailed in Georgia for smuggling marijuana and hashish from Thailand, was freed on Monday (November 3) under a plea agreement.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 2 November, covering the latest developments you need to know.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
U.S. President Donald Trump said he does not believe the United States is going to war with Venezuela despite growing tensions, though he suggested President Nicolás Maduro’s time in power may be nearing its end.
A powerful earthquake measuring 6.3 struck near the northern Afghan city of Mazar-e Sharif early on Monday, leaving at least 20 people dead, hundreds injured, and causing significant damage to the city’s famed Blue Mosque, authorities said, warning that the death toll was expected to rise.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term.
Alphabet Inc., the parent company of Google, is entering the U.S. dollar and euro debt markets with a multi-tranche senior unsecured notes issue.
Microsoft has agreed a $9.7 billion partnership with data centre operator IREN, granting it access to Nvidia’s latest chips in a move designed to ease the computing bottleneck that has hampered the company’s ability to fully capitalise on the artificial intelligence boom.
Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
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