News Details

Lotus reportedly struggling financially

August 6th, 2013 - Troubling signs of financial weakness are emerging from Lotus. The German website motorsport-total.com reports that, although in the hunt for the 2013 title, the Genii-owned outfit is "struggling to survive" under EUR 120 million of 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 corresponding...
Full Story »
12y ago from F1Plus.com 0
Share

You May Also Be Interested In...

Lotus struggling with ‘money problems'

By Editor on Tuesday, August 6, 2013 Troubling signs of financial...
12y ago from F1Zone.net

Reports of Lotus cash struggles won't go away as they...

Troubling signs of financial weakness are continuing to emerge from Lotus,...
12y ago from GrandPrix247.com

Mercedes hopeful over planned upgrades

Ross Brawn has explained that Mercedes will not ease off its car...
12y ago from GPUpdate.net

Rising Stars: Interview with Stephane Richelmi

After switching to reigning GP2 Constructors’ Champions, DAMS, for the...
12y ago from RichlandF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Callum Ilott, Christian Rasmussen given IndyCar grid...

The NTT IndyCar Series has handed out grid penalties for two drivers...

Dale Coyne Racing extends partnership with Ault...

Dale Coyne Racing has announced that Ault Blockchain will be a primary...

Pato O’Ward turns quickest lap in practice for...

IndyCar took to the Nashville Superspeedway oval on Saturday afternoon,...

Santino Ferrucci: Alternate aero package needed for...

For this weekend’s IndyCar finale at Nashville Superspeedway, the...
21h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Rovanperä leads, Fourmaux stars in Paraguay

Kalle Rovanperä and Jonne Halttunen took the lead of the inaugural Rally...
21h ago from MotorsportWeek.c...

Popular On GunnersToday.com

West Ham may have edge over Euro giants in race to...

West Ham United have reportedly joined the race for the potential transfer...
5h ago from CaughtOffside.com

Done deals: Arsenal set to confirm two major defensive...

Arsenal are pushing to wrap up two significant defensive deals before the...
8h ago from FreshArsenal.com

'Talks ongoing' – David Ornstein provides update...

Arsenal left-back Oleksandr Zinchenko is a transfer target for Marseille,...
9h ago from CaughtOffside.com

Exclusive details on complicated structure of Piero...

Piero Hincapie is set to become an Arsenal player as there's an agreement...
8h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.