Taking Lotus Tech public wasn’t the success story Geely may have hoped for. After two weeks, shares on the Nasdaq have plummeted by nearly 40%, from $13.80 at listing on February 23 to $8.37 at ...
Lotus has moved to cut some 550 jobs from its UK Headquarters in Hethel in a move the automaker describes as bringing the company’s business objectives “in line with the current market conditions”.
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