Lotus offers lifeline to troubled UK car plant
Chief executive slashes sales target and unveils strategy to revive struggling manufacturer controlled by China’s Geely
Chief executive slashes sales target and unveils strategy to revive struggling manufacturer controlled by China’s Geely

Chinese owner’s ambitious plans for sports-car maker hampered by chaotic decisions, departures and job cuts

British sports-car maker to launch Chinese-made Eletre X in Europe in June

Matt Windle is the latest in a series of executive departures from the British sports-car maker

Move is in contrast to rival BYD, which is building factories in international markets

Western executives hope ‘in China for China’ strategy will halt sales decline in world’s largest car market

Western groups embark on cultural shifts to slash development times and costs as competition mounts