News Details
Lotus faces administration if deal can't be struck
The Lotus F1 Team is facing administration if it fails to reach an agreement with a group of creditors that have brought a winding-up petition against the team at the High Court. Companies Court in London has adjourned the hearing for two weeks in order to give Lotus and its creditors time to talk out a deal, which Lotus CEO Matthew Carter is confident will happen. "There is a court process we are going through," he confirmed to Autosport. "A number of suppliers are feeling a little negative because of what happened to Caterham and Marussia, and they felt they had to go down this process. "We've had dealings and agreements with the companies that are taking...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Lotus F1 team have winding-up petition adjourned
A winding-up petition brought by creditors against the Lotus Formula...
9y ago from GrandPrix247.com
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team has been given two weeks to reach an agreement...
9y ago from SpeedCafe.com
Lotus winding-up petition postponed
– A winding-up petition against Lotus has been adjourned for two...
9y ago from GPUpdate.net
Lotus winding-up hearing postponed by High Court
Lotus has been able to postpone a winding-up hearing for two weeks after...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
What the rules say about MotoGP’s winter break
No description available...
10h ago from Motorsport.com
Di Giannantonio will try to “annoy” Marquez and...
No description available...
4d ago from Motorsport.com
What Espargaro learned about Marquez from his time at...
No description available...
1d ago from Motorsport.com
Honda needs to gain half a second over winter in...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar's top 5 storylines of the 2024 season
No description available...
2d ago from Motorsport.com
Counting down the top five best IndyCar races of 2024
No description available...
3d ago from Motorsport.com
Sophia Floersch signs with HMD Motorsports for 2025...
No description available...
2w ago from Motorsport.com
The spotlight now on IndyCar, Indy NXT as both series...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Sainz predicts "strange" tactical battle in...
No description available...
4h ago from Motorsport.com
Ford Raptor - the American manufacturer’s new...
No description available...
1d ago from Motorsport.com
The leading contenders for victory at the 2025 Dakar...
No description available...
3d ago from Motorsport.com
Katsuta expects “bigger challenge” in WRC 2025
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Marcus Rashford latest: Man United star 'rejects three...
Manchester United forward Marcus Rashford allegedly rejects three offers...
2h ago from SportsMole.co.uk
Arsenal given green light to sign striker in January...
Arsenal legend Ray Parlour tells Sports Mole that the Gunners should...
3h ago from SportsMole.co.uk
Mikel Arteta battles injury crisis amid Arsenal’s...
ners must negotiate nine matches this month but manager says squad is one...
4h ago from TheGuardian.com
Inside Spain: Trent Alexander-Arnold latest, Arsenal...
Inside Spain is a weekly instalment brought to you by Football España,...
3h ago from CaughtOffside.com
Comments
Hottest News
Hamilton shares picture in red as Ferrari switch made...
F1 champion Lewis Hamilton has teased fans... Read More »
1h ago from GPFans.com
Red Bull parts ways with $150 million sponsor
A three-year deal reportedly worth $150 million... Read More »
6h ago from RacingNews365.com
F1 team pay tribute as DOUBLE driver exit confirmed
A Formula 1 team have released an emotional exit... Read More »
54m ago from GPFans.com
