Lotus to cut up to 200 jobs in the UK

[centerpunch]

Not sure how it compares to target, but still overall positive.

Uhh, not sure about that.

If you go to appendix B, it breaks down the details for the 9 month period.

Total loss of $666,520,000 on $652,823,000 sales.

So for every $80,000 car they sold to a dealer, after paying the costs of building the car, they essentially had to pay another $80,000 for all the other expenses.

One line item I don't understand: $259,804,000 sales and marketing expenses? What could that be?

That's $34,443 per car sold.

 

[centerpunch]

Here's their plan from their financial presentation for profitability in 2026.
.

 

[Jinba ittai]

Here's their plan from their financial presentation for profitability in 2026.
.
View attachment 55237

The plan is to increase sales and decrease expenses? Foolproof idea.

 

[seriously]

Uhh, not sure about that.

If you go to appendix B, it breaks down the details for the 9 month period.

Total loss of $666,520,000 on $652,823,000 sales.

So for every $80,000 car they sold to a dealer, after paying the costs of building the car, they essentially had to pay another $80,000 for all the other expenses.

One line item I don't understand: $259,804,000 sales and marketing expenses? What could that be?

That's $34,443 per car sold.

I didn’t take a close look to be honest. I saw mostly increased YOY sales. Yeah everything else is pretty bad.