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Lotus has "Financially Turned a Corner". - Motorsport & Trackdays - The Lotus Forums Jump to content


Lotus has "Financially Turned a Corner".


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Encouraging news from Matthew Carter, CEO. After losing £64m back in 2013, the team's accounts for 2014 show a return to gross profit. However, the final net figure is a small loss of £6m but that is much more manageable.

 

"We did some pretty hardcore cost cutting, laying off a number of people, making a lot of redundancies, and then it was about cutting costs everywhere we could, and it worked.

We were hoping to break even, but there are still some arguments about stock and bits and pieces with the auditors (KPMG), but it is probably where we will end up, that sort of figure."

 

Autosport clicky

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