News Details
Renault signs letter of intent for Lotus buyout
Renault has moved a step closer its takeover of Lotus and the return of a works Formula 1 team, after revealing that it has signed a letter of intent regarding a purchase of the outfit. Following weeks of uncertainty about the deal, and with a looming High Court appearance for Lotus on Monday brought by HMRC, the news is a huge boost to the Enstone outfit. It should allow the team and engine manufacturer the time frame it needs to put the finances of the deal in place, and herald the potential return of a works Renault outfit to F1. The statement said: "Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii Capital SA, are pleased to announce the signature of a Letter of...
Full Story »
Full Story »
9y ago from Motorsport.com
0
You May Also Be Interested In...
Ecclestone baffled by Renault's delay over Lotus deal
Formula 1 supremo Bernie Ecclestone says he is baffled as to why Renault...
9y ago from Motorsport.com
Renault's Lotus takeover deal still faces hurdles
Renault F1 chief Cyril Abiteboul and Lotus owner Gerard Lopez have both...
9y ago from Motorsport.com
Grosjean poised for Haas confirmation
Romain Grosjean will commit his Formula 1 future to Haas immediately after...
9y ago from Motorsport.com
Renault switch was a 'serious option' - Perez
Sergio Perez has admitted he held serious talks with Renault about...
9y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Thailand GP: Bastianini wins sprint as Martin...
No description available...
15h ago from Motorsport.com
Bagnaia: Wins won’t be enough to defend MotoGP title...
No description available...
12h ago from Motorsport.com
Martin not focused on playing the points game despite...
No description available...
10h ago from Motorsport.com
Enea Bastianini cruises to Thai MotoGP Sprint victory
Enea Bastianini cruised to the Thai MotoGP Sprint victory following a...
15h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IMS debuts 11 special Taylor Swift helmets to...
Indianapolis Motor Speedway revealed 11 special racing helmets on Friday,...
1d ago from MotorsportWeek.c...
Pushing for innovation: IndyCar's need for an...
No description available...
2d ago from Motorsport.com
Graham Rahal hoping better luck helps him rebound in...
Graham Rahal believes a continued streak of bad luck has played a major...
4d ago from MotorsportWeek.c...
Malukas reflects on turbulent 2024 IndyCar season that...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Lancia launches its return to rally with Ypsilon Rally4
No description available...
1d ago from Motorsport.com
Solberg sheds light on 2025 WRC Rally1/Rally2 conundrum
No description available...
2d ago from Motorsport.com
Kuldar Sikk recovering from broken spine at Central...
Kuldar Sikk broke his spine and underwent emergency surgery after an...
4d ago from TheCheckeredFlag...
Hyundai yet to make 2025 WRC third driver call as...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Title showdown - expert says Slot could dent Arsenal's...
Liverpool expert David Lynch has suggested that Arsenal would find it...
3h ago from SportsMole.co.uk
David Raya claims Arsenal will not curb their...
t;li>David Raya: ‘We should celebrate every win the same’Goalkeeper...
2h ago from TheGuardian.com
Arsenal 'register interest' in £46m attacker as Mikel...
Arsenal and Aston Villa reportedly express an interest in signing...
1h ago from SportsMole.co.uk
Pundit urges Mikel Arteta to find Arsenal's...
Danny Murphy has dismissed calls that Arsenal have become a ‘boring'...
2h ago from CaughtOffside.com
Comments
Hottest News
F1 Qualifying Results: McLaren AND Red Bull eliminated in...
Home hero Sergio Perez was knocked out of Mexican... Read More »
3h ago from GPFans.com
Verstappen and Perez FUME as FIA add NEW rule to Mexican GP...
Red Bull's Formula 1 driver pairing of Max... Read More »
1h ago from GPFans.com
Ricciardo hit with BRUTAL 'lack of talent' jibe from former...
Daniel Ricciardo's 'natural talent' in Formula 1... Read More »
3h ago from GPFans.com
