Lotus trouble
snapper - 24/7/16 at 07:42 AM
Or should I say trouble at Lotus
Finance not good, when has it ever been?
We know about the last top team fired by Proton after allegations of impropriety but now I hear of a new Managment style of much shouting.
A company in trouble needs confident hardworking Managment that in times of trouble can build and inspire teams.
Come on Proton get a grip Lotus needs an inspiring leader at the top you can't shout and bully a company to success.
Caveat: unless your Sports Direct
Sam_68 - 24/7/16 at 07:57 AM
quote:
Originally posted by snapper
Caveat: unless you're Sports Direct
...or Colin Chapman, ironically.
snapper - 24/7/16 at 10:35 AM
Perhaps it is indeed a Lotus culture
marco - 24/7/16 at 09:39 PM
quote:
Originally posted by snapper
Or should I say trouble at Lotus
Finance not good, when has it ever been?
We know about the last top team fired by Proton after allegations of impropriety but now I hear of a new Managment style of much shouting.
A company in trouble needs confident hardworking Managment that in times of trouble can build and inspire teams.
Come on Proton get a grip Lotus needs an inspiring leader at the top you can't shout and bully a company to success.
Caveat: unless your Sports Direct
Not sure where your news is coming from but this was only public a month ago stating things were looking good?
http://paultan.org/2016/06/27/lotus-set-to-turn-a-profit-for-the-first-time-in-68-years/
snapper - 25/7/16 at 07:36 PM
quote:
Not sure where your news is coming from but this was only public a month ago stating things were looking good?
That information was already 2 months out of date when released
Sam_68 - 25/7/16 at 08:14 PM
quote:
Originally posted by snapper
That information was already 2 months out of date when released
And in any event, quite a lot has happened to the UK economy in the last month-and-a-bit. 
The pound is now worth considerably less, hence so is the global value of Lotus (since it's a company listed on the UK stock exchange, valued in
£sterling), and its creditworthyness will have diminished accordingly.
It is also heavily reliant on aluminium and Toyota drivetrains that have to be bought in from abroad, and the £sterling it's using to pay for
them are suddenly worth 15% less than they used to be. In effect, its raw materials and essential components have just risen in price by 15%,
literally overnight.
It might be able to offset some of those losses IF it can manage to greatly increase its exports on the back of the weak pound making them
cheaper to buy in foreign markets, but that's a very big IF: the limitation on foreign sales for Lotus has always been brand awareness and dealer
network, much more than price.