(Bloomberg) -- Sports carmaker Lotus is hiring 200 additional engineers as it looks to accelerate a turnaround plan bankrolled by China’s Geely, the Sunday Telegraph reported.
Under a strategy to triple production to 5,000 cars a year, the loss-making company is also opening an engineering center in the Midlands, in central England, the first time it has expanded beyond its Norfolk home, according to the report.
Geely took a controlling stake in Lotus in 2017 in a 100 million-pound ($130 million) deal.
To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net
To contact the editors responsible for this story: James Amott at jamott@bloomberg.net, Andrew Davis, Claudia Maedler
