Coventry vehicle engineering facility for sale
A
Group Lotus product story
Edited by the Engineeringtalk editorial team
Oct 1, 2001
Group Lotus, the sportscar manufacturer and automotive engineering consultancy, has announced that its engineering facility at Coventry (Lotus-Coventry) is for sale
Group Lotus, the sportscar manufacturer and automotive engineering consultancy, announced today that its engineering facility at Coventry (Lotus-Coventry) is for sale.
Following a restructure throughout the whole of Group Lotus to align with its engineering customers' changing demands, its Coventry operations are now no longer core to Lotus' future business strategy.
Lotus has invested substantially in new state-of-the-art facilities at its Hethel Headquarters in Norfolk, UK, at its USA base in Michigan and also in Malaysia.
All of these sites have vehicle engineering and design capabilities that are now duplicated at Coventry.
Therefore, with the optimisation of resources at these three sites, the design facilities at Coventry have become excess to the company's requirements.
Other work currently carried out by Lotus Coventry, such as the manufacture of prototype models, components and tooling for the automotive and aerospace industries, is not a part of Lotus' growth plans and future strategy for its engineering division.
Current work in progress at Coventry will take four weeks to be completed.
If the facility has not been sold on or before Friday 09 November 2001, it is with regret that it will be closed.
Lotus-Coventry currently employs 35 people.
Lotus will make every effort to re-deploy personnel throughout the Group where possible, following consultation with staff.
The DTI has been notified and staff throughout the whole of Group Lotus have also been informed.
David Taitt, Director of Lotus Engineering explains: "The global motor industry is going through a period of change and many of our engineering clients have restructured their businesses and re-evaluated their future strategies.
We have to change with their needs in order to continue to provide world-leading services to them." David Taitt continues: "The operations of Lotus-Coventry are not strategically where we wish the business to be in the future.
Therefore, we are going to be concentrating on what we do best, that is automotive engineering.
We are one of the world's leading automotive engineering consultancies and the choice of many of the world's motor manufacturers for design, development and testing of cars of the future.
We have invested heavily in new facilities around the world to serve the automotive industry with what is regarded as some of the finest engineering in the world.".
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