News Details
Lotus struggling with ‘money problems'
By Editor on Tuesday, August 6, 2013 Troubling signs of financial weakness are emerging from Lotus.
The authoritative German website motorsport-total reports that, although in the hunt for the 2013 title, the Genii-owned outfit is 'struggling to survive' under EUR 120 million in debt.
For example, although Kimi Raikkonen is second only to Sebastian Vettel in the chase for the drivers' championship, development of the 2013 car is apparently all but over.
Asked also about rumours of ‘money problems', leading Lotus engineer Alan Permane admitted to Auto Motor und Sport: 'We have not much more in the pipeline for 2013.
'What was planned has already been developed and will be used in the...
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