News Details
Renault answers Lotus' call with buyout
The will they or won't they buy Lotus saga is coming to an end with Renault confirming they signed a Letter of Intent to take a controlling stake in the squad. Renault confirmed before the start of the 2015 Formula 1 season that they were considering their future with their options being to either pull out of the sport entirely or buy one of the current teams on the grid and run it as a works outfit. They opted for the latter, but it has taken them months to finally confirm the deal. Lotus, meanwhile, have faced financial problems for several seasons and the buyout will come as a big relief for everyone involved as they are due to appear in the London High Court on Monday over unpaid taxes...
Full Story »
Full Story »
9y ago from PlanetF1.com
0
You May Also Be Interested In...
Renault signs letter of intent with Lotus
– Renault has confirmed that it has signed a letter of intent with...
9y ago from GPUpdate.net
Lotus: Renault signs Letter of Intent
As Lotus heads to the High Court in London, Renault issued a Letter of...
9y ago from Pitpass.com
Renault signs letter of intent for Lotus buyout
Renault has moved a step closer its takeover of Lotus and the return of a...
9y ago from Motorsport.com
Carter: Lotus & Renault talks ‘positive'
Lotus' chief executive officer Matthew Carter has confirmed that a...
9y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Pierer Industrie AG avoids insolvency, decision on KTM...
No description available...
47m ago from Motorsport.com
Marquez confident rivalry with "gentleman"...
No description available...
2d ago from Motorsport.com
Mir: “I hadn’t had any bad moments until I came to...
No description available...
2d ago from Motorsport.com
Jonathan Rea to miss WorldSBK season opener at Phillip...
Jonathan Rea has been ruled out of the WorldSBK season opener at Phillip...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Team Penske quickest in final IndyCar test day
The NTT IndyCar Series held its second and final preseason open test day...
2d ago from MotorsportWeek.c...
IndyCar tire allocations, practice rules updated for...
IndyCar has announced multiple updates to rules regarding use of the...
1d ago from MotorsportWeek.c...
Pit lane speed adjustments made for 2025 IndyCar season
The NTT IndyCar Series has announced a few changes for the upcoming 2025...
2d ago from MotorsportWeek.c...
Pato O’Ward fastest in first day of IndyCar...
The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Elfyn Evans wins Rally Sweden by a whisker
Super Sunday on Rally Sweden was just that! After 300km of hard racing,...
4d ago from MotorsportWeek.c...
Fourmaux fined for swearing on WRC TV broadcast
No description available...
4d ago from Motorsport.com
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
5d ago from MotorsportWeek.c...
WRC women's driver development programme winner...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal face possible reunion with controversial...
Arsenal will face either Feyenoord or PSV Eindhoven in the next round of...
1h ago from CaughtOffside.com
“Strange as it sounds” - Jamie Carragher shares...
No description available...
27m ago from SportsKeeda.com
“They won’t want Arsenal to win the league” -...
No description available...
2h ago from SportsKeeda.com
Arsenal handed huge Joan Garcia transfer boost as...
Arsenal are handed a boost in their efforts to sign Espanyol goalkeeper...
1h ago from SportsMole.co.uk
Comments
Hottest News
Ferrari fan receives shock punishment after...
Ferrari fans travelled once again to Fiorano to... Read More »
1h ago from RacingNews365.com
Cowell explains reasons for management reshuffle at Aston...
Aston Martin has recently announced a change of... Read More »
2h ago from F1Technical.net
V10s to return to F1? The FIA president would support it on...
FIA President Mohammed Ben Sulayem has shared... Read More »
57m ago from GPBlog.com
