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Lotus admit Renault takeover talks are happening
Lotus have admitted that they are in talks with Renault about a possible takeover, having previously denied the team is for sale. The Enstone outfit is struggling to settle its debts following a High Court petition from supplier Xtrac. Meanwhile Pirelli refused to release tyres to Lotus for the Hungarian Grand Prix until a $500,000 payment had been made, but deputy team boss Federico Gastaldi brushed that aside. "We had a problem with the bank transfer," he told Speed Week. "We are not so crazy that we will make the trip from the UK to Hungary without having the money for tyres. "It was just bad timing. In this situation there is a lot of talk but it's a waste...
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10y ago from GrandPrixTimes.com
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