Tough times at both EcoCity/One80 Taxis and Lotus

Eco City's shares have been suspended due to problems at its subsidiary, One80 which designs and sells the Mercedes Benz-based Vito taxis.

Quote:

With no more Vitos at present being built after a lack of sales led to a pile-up of stock, Eco City admitted One80cannot survive because of a “lack of production revenues” as well as an impending legal case against its 76.6% subsidiary by one of its licence holders.

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Meanwhile things look tough for Lotus employees in Norfolk.

Quote:

As many as 325 jobs could be lost at Lotus, thanks to cost-cutting measures at the British firm.

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