Lotus struggles to stay on track

BRITISH sportscar maker Lotus posted a pre-tax loss of £115.2m for the year to March 2012, increasing on its loss of £21.4m for the previous financial year. Revenues also dropped after Lotus produced just 1,043 vehicles, compared to 1,457 in 2010-11. The Norfolk-based company is still without a chief executive after sacking Dany Bahar in June 2012.