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British carmaker Lotus is planning a multibillion-pound flotation – The Times – Metro US

British carmaker Lotus is planning a multibillion-pound flotation – The Times

A Lotus sign is seen at the car plant headquarters
A Lotus sign is seen at the car plant headquarters in Hethel

(Reuters) – British carmaker Lotus is planning a multibillion-pound flotation and the company is speaking to prospective investors, The Times reported, without citing the source of the information.

Lotus is moving to open a production plant in China and is targeting annual sales of 100,000 by the end of the decade, the newspaper said.

(Reporting by Anirudh Saligrama in Bengaluru; editing by Grant McCool)

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