News Details

Breaking News: Done deal as Renault buy Lotus

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 Intent regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team Ltd. The signature of this Letter of Intent marks Renault’s first step towards the project of a Renault Formula 1 team from the 2016 racing season thereby extending 38 years of commitment of the brand to world’s premier motorsport championship series. Renault Group and Gravity will work together in the coming weeks to eventually turn this initial undertaking into a definitive transaction provided all terms and conditions are met between them and other...
Full Story »
10y ago from GrandPrix247.com 0
Share

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...
10y ago from GPUpdate.net

Lotus: Renault signs Letter of Intent

As Lotus heads to the High Court in London, Renault issued a Letter of...
10y 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...
10y ago from Motorsport.com

Renault answers Lotus' call with buyout

The will they or won't they buy Lotus saga is coming to an end with...
10y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

2026 IndyCar – Firestone Grand Prix of St....

Alex Palou has opened the defence of his IndyCar championship in style...
41m ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

“Unfortunate but it’s true” - Chelsea fans...

Chelsea fans have singled out Liam Rosenior for criticism following their...
51m ago from SportsKeeda.com

“He’s whinging unnecessarily” - Gary Neville...

Manchester United legend Gary Neville has slammed Chelsea goalkeeper...
41m ago from SportsKeeda.com

Should have Chelsea been awarded two penalties against...

Patrick Viera and Daniel Sturridge give their thoughts on both Chelsea's...
41m ago from SkySports.com

Timber clinches vital Arsenal win over 10-man Chelsea

Arsenal reopened a five-point lead at the top of the Premier League table...
1h ago from SkySports.com

Comments

Hottest News

How Mercedes finally got Max Verstappen on board

Mercedes have finally managed to get four-time F1... Read More »
41m ago from GPFans.com

Ex-F1 star suffers early exit after making IndyCar debut

A former F1 star has had a dismal start to their... Read More »
3h ago from GPFans.com

The evolution of Formula One’s Cost Cap

Formula One teams will need to cope with a... Read More »
51m ago from F1Technical.net

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.