Here’s a bit of good news to end the week. Group Lotus has announced that it will create more than 100 new jobs at its Hethel base following a £100 million investment by new owners DRB-Hicom.

The move comes on the back of increased demand for Lotus cars, including the recently launched Exige S Roadster. Around 90% of all Lotus cars are now exported, while its engineering consultancy services are said to be in high demand.

Lotus-Hethel-Factory_G1Lotus-Exige-S-Aslam_FactoryLotus COO, Aslam Farikullah, has presided over the first steps toward a brighter future for Lotus.

Aslam Farikullah, Chief Operating Officer at Lotus, said: “It’s been a period of substantial change at Lotus and we are now in a strong position to expand our work on future products and to increase production in our manufacturing facilities.”

“We want Lotus to be at the forefront of the global automotive industry and for us to remain competitive, we will introduce more exciting products – there has never been a better time to be part of the future of Lotus.”

It’s the most promising sign since DRB-Hicom completed its acquisition of Lotus last April, at which time production had declined to just 10 cars per month.

Since then, production delays have been addressed, quality has been raised and new models have been delivered to customers.

Back in August 2012, Farikullah spoke about his plans and asked for patience as he worked towards putting the company on a solid footing.

SEE ALSO: Lotus Chief speaks out on his plans for the company as the first Exige S is produced.

“Our emphasis now is on the finer details of what we do. I believe that the ability of our engineers and workforce makes them among the best in the world. We will leverage on this key strength as we revitalise and strengthen the Lotus brand,” said Farikullah.

In addition to these new jobs, Lotus will also increase the intake to its revamped graduate programme – both the engineering specialists and graduates will work on the development of new products within Lotus Engineering.

Written By

Steve Davies

Steve is an investor, private equity advisor and former Partner at KPMG, PwC and Bain.   Most importantly he's a life-long car enthusiast, mountain biker and active sports enthusiast. He designs and builds technology platforms and is the architect behind Transmission.

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