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Lotus set for a new start under Chinese owner after years of decline

The British sports-car brand Lotus, born from motorsport, has gone through several ownership changes and a failed IPO despite iconic models. Previous owners failed to transform it into a luxury marque and left behind financial and operational problems. Now hopes rest with the Chinese owner, who is trying to stabilize the brand and save the icon. » More on welt.de
Lotus to cut 550 UK jobs and pause Hethel production amid tariff-driven uncertainty

Lotus will cut up to 550 roles in the UK, around 42% of its local workforce, as part of a restructuring to address falling sales, cash shortages and uncertainty from US tariffs. The Geely-owned firm says it remains committed to manufacturing at its Hethel, Norfolk plant and aims to restart production in early September while exploring diversification and third-party manufacturing. » More on theguardian.com
Lotus faces calls for clarity on future of Hethel factory and 1,300 jobs

Lotus is under pressure from local MP Ben Goldsborough to clarify the future of its Hethel factory and the security of 1,300 jobs, following reports that owner Geely may consider closing the site. While Lotus has stated it has no plans to close any factory, it is exploring strategic options to enhance efficiency amid industry uncertainty. The company recently announced job cuts in the UK, raising concerns about long-term sustainability and capacity at the Hethel plant. » More on bbc.com
Lotus confirms commitment to UK factory amid US production speculation

Lotus has assured the UK government that it will not close its Hethel, Norfolk factory, despite considering shifting some production to the US due to tariffs. The company paused production in May to manage supply chain issues but plans to resume as US tariffs are reduced. Lotus emphasized its ongoing commitment to UK operations while exploring strategic options to enhance global competitiveness. » More on theguardian.com
Lotus confirms no factory closures amid US production considerations

Lotus stated it has no plans to close any factories, despite reports it may shift production to the US due to new tariffs affecting its exports. The company temporarily suspended production in Hethel, Norfolk, but emphasized its commitment to the UK and its workforce. Lotus is actively exploring global market options as US tariffs pose challenges to its business. » More on bbc.com

Financials

In the last year, LOTUS VENTURES INC. had revenue of €1.36m and net profit of -€1.28m

(EUR)	2023	YoY
Revenue	1.36m	6.49%
Gross profit	-93.62k	96.19%
Net profit	-1.28m	64.98%
EBITDA	-676.07k	77.43%

Fundamentals

Metric	Value
Market capitalization	€571.88k
Number of shares	89.97m
52-week high/low	€0.0286 - €0.00318
Dividends	No
Beta	-0.32
P/E ratio	-0.48
PEG ratio	-0.02
P/B ratio	0.10
P/S ratio	0.45

Company profile

Lotus Ventures Inc. engages in the production, cultivation, and sale of cannabis products for medical purpose in Canada. The company sells its products under the Lotus Cannabis Co. brand name. Lotus Ventures Inc. was incorporated in 2007 and is based in Vancouver, Canada.