ICONIC British sportscar manufacturer Lotus threatening to close a UK factory and set up in the US.
The carmaker may be axing production at its headquarters in Hethel, Norfolk, and heading to the United States, as reported by the BBC.
1,300 jobs could be at risk if plans were to go ahead[/caption]
The firm has declined to make any official statement on potential plans.
But, sources claimed moving production to the US was being discussed.
This would put 1,300 jobs at risk if plans were to go ahead.
It emerges after production in Hethel was temporarily suspended due to the tariffs on cars being imported to the US.
The hikes meant business with the States was at risk, with US sellers required to pay taxes of 25% on imports of cars and car parts.
In fact, exports to America have halved since Trump’s tariffs were introduced, figures revealed.
An iconic British sportscar manufacturer is threatening to close a UK factory and set up in the US[/caption]
More to follow… For the latest news on this story keep checking back at The Sun Online
Thesun.co.uk is your go-to destination for the best celebrity news, real-life stories, jaw-dropping pictures and must-see video.
Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.
