News Details
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the Lotus F1 team, the French car maker has announced. Confirmation of the agreement follows months of negotiations between Renault and the current ownership group, which includes investment firm Genii Capital. Embroiled in financial turmoil, the team is today facing another appearance in the UK's High Court relating to almost £2.7 million in unpaid taxes. Lotus staff were locked out of the team's catering facility at the weekend's Japanese Grand Prix due to other unpaid bills. A Renault statement says that it hopes to complete the planned buy-in within the coming weeks. 'Renault Group and Gravity Motorsports S.a.r.l., an...
Full Story »
Full Story »
9y ago from SpeedCafe.com
0
You May Also Be Interested In...
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 with Lotus
– Renault has confirmed that it has signed a letter of intent with...
9y ago from GPUpdate.net
Breaking News: Done deal as Renault buy Lotus
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
9y ago from GrandPrix247.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
Elsewhere On The Network
Popular On MGPToday.com
Bagnaia: Wins won’t be enough to defend MotoGP title...
No description available...
14h ago from Motorsport.com
MotoGP Thailand GP: Bastianini wins sprint as Martin...
No description available...
17h ago from Motorsport.com
Martin not focused on playing the points game despite...
No description available...
12h ago from Motorsport.com
Enea Bastianini cruises to Thai MotoGP Sprint victory
Enea Bastianini cruised to the Thai MotoGP Sprint victory following a...
17h 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...
Popular On GunnersToday.com
Arsenal 'register interest' in £46m attacker as Mikel...
Arsenal and Aston Villa reportedly express an interest in signing...
3h ago from SportsMole.co.uk
Pundit urges Mikel Arteta to find Arsenal's...
Danny Murphy has dismissed calls that Arsenal have become a ‘boring'...
4h ago from CaughtOffside.com
Title showdown - expert says Slot could dent Arsenal's...
Liverpool expert David Lynch has suggested that Arsenal would find it...
5h 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...
4h ago from TheGuardian.com
Comments
Hottest News
F1 Qualifying Results: McLaren AND Red Bull eliminated in...
Home hero Sergio Perez was knocked out of Mexican... Read More »
5h ago from GPFans.com
F1: Mexico City Grand Prix: Qualifying team notes - Ferrari
It's very important that we are in the fight... Read More »
2h ago from Pitpass.com
F1: Mexico City Grand Prix: Qualifying team notes - Red Bull
Max did a fantastic job today considering he lost... Read More »
2h ago from Pitpass.com
