Lotus might not be the world's largest automaker, but that hasn't stopped them from outlining a large expansion plan at the Paris Motor Show last year. Since then, the British automaker has reached out to the U.K. government for capital from the Regional Growth Fund, which is intended to help boost the country's economy.
The first bid that Lotus put in for £27.5-million ($45-million) was a bit too high, and quickly rejected by the U.K. government. The company was encouraged to rethink its strategy in a more realistic way, and consider its workforce more than future models. In doing so, Lotus came back with a more modest proposal of £10-million ($16-million), which it received approval for.
What does this money mean for Lotus? In the strictest sense, it means jobs. Lotus outlined a plan that would have them hiring roughly 1,000 new workers with the funding from the loan. This will, in turn, generate new revenue from the increase in inventory at dealerships like World Imports USA, serving the greater Jacksonville area. From there, Lotus should be able to pay back the loan, and pursue more ambitious endeavors, such as developing new and redesigned models with the increased revenue from sales.
For now, the current new Lotus lineup features models like the Lotus Exige and Lotus Evora, which can be taken for a test drive at 11650 Beach Blvd Jacksonville, FL 32246 by contacting us today, either online or by phone at (888) 853-7166.
