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Business May 12, 2026

Lotus Seeks UK Government Support as It Reaffirms Commitment to Norfolk Plant Amid Global Strategy Shift

Chinese-owned luxury carmaker Lotus is calling for UK government support for its Norfolk factory wh…
The Lead: Lotus's Strategic Pivot for UK Manufacturing The boss of the luxury sports carmaker Lotus has called for government support for its UK factory as the Chinese-owned company insisted it will not abandon its British roots. In a significant strategic shift, Lotus has extended the lifespan of its £80,000 Emira petrol-engined sports car and announced plans to sell Chinese-made hybrid SUVs in Europe, reversing its previous commitment to electric-only vehicles. Factory Commitment Amid Global Uncertainty Lotus's Norfolk factory, staffed by 900 employees, will continue producing sports cars for the lucrative US market, where the company makes nearly two-thirds of its sales. This decision comes after last year's concerns about potential closure and the August 2025 job cuts that eliminated 550 positions. The factory currently builds 2,000 cars annually but has the capacity to produce up to 10,000 vehicles. Financial Realignment: From 150,000 to 30,000 Annual Sales Target In a dramatic scaling back of ambitions, Lotus has reduced its sales target from 150,000 vehicles a year by 2028 to just 30,000. CEO Qingfeng Feng admitted the previous plan was "aggressive" as the company faces challenges with the slower-than-expected transition to electric vehicles. The Emira petrol sports car's production has been extended specifically to maintain access to the US market, where Chinese-made vehicles face prohibitive tariffs. Industry Impact: The Hybrid Revolution and Geely's Restructuring Lotus's strategic pivot reflects broader challenges in the automotive industry as electric vehicle adoption slows and political policies shift. The company's decision to abandon its electric-only strategy and develop hybrid models like the Eletre SUV and Type 135 V8 supercar mirrors similar moves by other manufacturers. This shift comes as Geely, Lotus's parent company, undergoes significant restructuring after overextending itself across multiple brands including Volvo, Polestar, and Aston Martin. Future Outlook: Government Support and Supply Chain Localization Lotus is actively discussing with the UK government not just financial subsidies but also infrastructure improvements around its Norfolk plant. The company is conducting feasibility studies on building additional models in the UK and has engaged with UK battery producers to localize its supply chain. While acknowledging current UK political turmoil won't impact immediate investment plans, Lotus would benefit from a closer trade relationship with Europe to strengthen its supply chain resilience.
#Lotus #Geely #UK Automotive Industry
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Economy Apr 16, 2026

Sudan's Power Crisis: Daily Life Grinds to a Halt Amid Fuel Shortages and Blackouts

Sudan is facing a severe power crisis, with widespread blackouts and fuel shortages exacerbating ec…
Sudan's power grid has collapsed, leaving many towns and cities without electricity. The crisis has been worsened by the ongoing war between the Sudanese Armed Forces and the Rapid Support Forces, now in its fourth year. The country's reliance on imported fuel has been disrupted, driving up costs and further straining the economy.In Khartoum, residents like Husna Mohamed are struggling to cope with the daily burden of fetching water and managing household chores without electricity. Fuel prices have surged by over 40% in recent weeks, making it difficult for people to afford basic necessities. The Sudanese pound has also lost roughly 20% of its value against the US dollar.The economic impact is being felt across various sectors. Transport costs have risen, and food prices are increasing, with a 10-kilogramme bag of sugar rising from 28,000 to 35,000 Sudanese pounds in just one week. Merchants are hesitant to sell, waiting to see how prices will develop.Economist Mohamed al-Tayeb notes that Sudan's economy is especially vulnerable to energy disruption due to its heavy reliance on land transport and power-dependent production. The crisis is not only economic but also infrastructural, with informal and makeshift power poles causing frequent failures across the grid.Local solutions, such as solar panels and shared generators, are being implemented, but they remain partial and fragile. The crisis has exposed the limited margin for error in Sudanese households, which were already absorbing multiple shocks, including the war, currency collapse, and displacement.
#Sudan #Sudan Ministry of Electricity #Sudan Power Holding Company
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Environment Apr 14, 2026

Colombia Approves Plan to Cull Up to 80 Hippos Linked to Pablo Escobar

Colombia has approved a plan to cull up to 80 hippos that were introduced to the country by drug lo…
Colombia's Environment Minister, Irene Velez, announced on Monday that the country will cull up to 80 hippos that have been roaming freely in a region near the Magdalena River basin. The decision comes after previous attempts to control the population, including sterilization and capturing the animals, proved too expensive or ineffective.The hippos were introduced to Colombia by infamous drug lord Pablo Escobar in the 1980s, when he brought four to his private zoo. After Escobar's death, the hippo population swelled to an estimated 170, with the animals now spotted up to 60 miles from Escobar's former ranch, Hacienda Napoles.Authorities say the hippos pose a threat to villagers who encounter them and compete with native wildlife, such as manatees, for food. Despite local concerns, the hippos have become a tourist attraction, with visitors flocking to the Napoles ranch to spot the animals and buy hippo-themed souvenirs.Animal welfare activists have opposed the culling, citing concerns about the country's history of conflict and the potential for the cull to set a poor example. However, Velez emphasized that the action is necessary to preserve Colombia's ecosystems. The hippos cannot be returned to their natural habitat due to their limited gene pool, which could lead to the spread of diseases.
#Colombia #Pablo Escobar #hippos
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World Economy Apr 13, 2026

Colombia Authorizes Culling of Up to 80 Hippos Descended from Pablo Escobar's Private Zoo

Colombian officials have authorized a plan to cull up to 80 hippos that descended from animals brou…
Colombian officials have authorized a plan to cull up to 80 hippos descended from animals brought to the country by Pablo Escobar in the 1980s. The feral beasts have displaced native species and threatened local villagers, prompting the government to take action.The environment minister, Irene Vélez, stated that other methods to control the population, such as neutering or relocating the hippos to zoos, have been expensive and unsuccessful. Up to 80 hippos will be affected by the measure, although the exact timeline for the culling has not been specified.Colombia is the only country outside Africa with a wild hippo population, which originated from four individuals imported by Escobar as he built a private zoo in Hacienda Nápoles. A study published by Colombia's National University estimated that around 170 hippos were roaming freely in the country in 2022.The hippos pose a threat to villagers who have encountered them in farms and rivers, and compete with local species such as river manatees for food and space. Despite the environmental challenges, the hippos have become a tourist attraction, with residents offering hippo spotting tours and selling hippo-themed souvenirs.Animal welfare activists have opposed the plan to kill the hippos, arguing they deserve to live and that addressing the problem through violence sets a poor example for a country that has experienced decades of internal conflict. Andrea Padilla, a senator and animal rights activist, described the plan as 'cruel' and accused government officials of trying to take the easy way out.
#hippos #colombia #escobar
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World Economy Apr 06, 2026

Australian fuel crunch pushes used electric car prices higher – Tesla Model Y climbs over 6% in March

Rising fuel prices in Australia have sparked a sharp increase in demand for used electric vehicles,…
Australia’s recent fuel squeeze is reshaping the second‑hand car market, with used electric vehicles (EVs) now commanding higher prices while traditional petrol and diesel models face steep discounts.MotorMetrics’ live inventory data shows that dealers have lifted prices on a range of EVs, most notably a more than 6% increase for the Tesla Model Y during the final two weeks of March. Similar upward pressure is evident for the Model 3, MG4 and Polestar 2, indicating dealer confidence that new stock will settle at these elevated levels.At the same time, the supply of used EVs is tightening, creating a classic demand‑supply imbalance that fuels price growth.Conversely, the same data reveal that many used diesel and petrol vehicles have been slashed by as much as 20%, reflecting a rapid shift in consumer preference toward electric power as fuel costs climb.Rental platform Turo reports a 70% jump in bookings for EVs and hybrids compared with the same period last year. Managing director Rob Chan describes the surge as a “unique wave of consumer interest” reminiscent only of the post‑pandemic “revenge travel” boom.Australia’s EV fleet is expanding steadily; the Electric Vehicle Council estimates that over 454,000 battery‑electric and plug‑in hybrid vehicles were on the road at the end of 2025, giving EVs roughly 13% of new car purchases. Analysts expect this share to rise further as more models enter the market and charging infrastructure improves.Economist Peter Esho warns that while oil shocks are not new, this one “could very well be one of the last”, as the current price environment makes EVs a financially sensible alternative for many drivers.Petrol prices rose almost daily throughout March across major cities, only easing after a government fuel‑excise cut. In parallel, Commonwealth Bank data shows a 161% increase in weekly loan volume for new battery‑electric vehicles in March versus February, underscoring growing consumer financing for EVs.Individual stories echo the broader trend. Sydney motorist Har Rai Singh, who rented several EVs through Turo to test long‑distance capability, says he now sees little reason to stick with a combustion engine, noting that “people are waiting for petrol pumps and paying over $100 to fill a tank – it doesn’t make sense any more to hold on to a combustion engine.”
#australia #motormetrics #turo
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Sports Mar 28, 2026

Verstappen Struggles Continue: Red Bull Car Deemed 'Undriveable' at Japanese GP

Max Verstappen, the four-time world champion, faced another challenging qualifying session at the J…
Max Verstappen, the Dutch Formula One driver and four-time world champion, expressed his frustration with his Red Bull car after qualifying 11th for the Japanese Grand Prix. The car has been struggling with new regulations that split power 50-50 between conventional and electrical sources.Verstappen described the car as 'undriveable', citing issues with turning mid-corner and oversteering on entry. 'The car never turns mid-corner, but at the same time this weekend, it's just oversteering a lot on entry. It's really difficult, unpredictable,' he told Sky Sports F1.In contrast, Kimi Antonelli of Mercedes secured pole position with a fastest lap of 1min 28.778sec, followed by teammate George Russell and McLaren's Oscar Piastri. Antonelli, 19, became the youngest pole-sitter in F1 history two weeks ago in China and has now secured back-to-back poles.Russell, who leads the early championship standings, was 0.298sec behind Antonelli and acknowledged struggling with his car during qualifying. 'I've been really comfortable with the car this whole weekend, it's just in qualifying something didn't quite feel right,' he said.The Japanese Grand Prix promises to be an exciting race, with Mercedes showing dominant form in dry conditions at Suzuka. Verstappen, who has won at Suzuka for the past four years, will look to bounce back from a difficult start to the season.
#his #list #verstappen
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