Home / Auto News / News article: Lotus Looking For Government Backing For Its Future - AutoGuide.com News
 |  Mar 26 2011, 7:46 AM

Last year, some American car companies looked to their government for financial help to keep them afloat and use the money to develop new products. Some of them have actually used the money properly and produced some decent new models.

Over in the U.K., Lotus is looking at the British government to help out in the same capacity. Lotus is saying, that unless the government backs them up, they will have to resort to looking at producing vehicles outside of the United Kingdom.

This will not only affect jobs in its homeland, but would also mean that future products, like the highly anticipated new Esprit (above) will be built in either Austria (Magna) or Finland (Valmet).

Lotus is asking for a chunk (although no official amount is known) from the Regional Growth Fund, a program designed to help local industry and businesses. The decision will be announced by the early part of April. We’ll keep you posted on this developing story.

[Source: Pistonheads]