News Details
Renault announces 'letter of intent' ahead of Lotus hearing
Renault has announced it has signed a letter of intent to buy a controlling stake in the Lotus F1 team, on the morning of the team's High Court appearance with the threat of administration still a possibility. The French manufacturer has confirmed it has made the 'first steps' in taking over the team for the 2016 Formula 1 season and the deal is expected to be completed in the next couple of weeks. “Renault Group and Gravity Motorsports 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,” a statement from Renault read. “The signature of this letter of intent marks Renault's first step...
Full Story »
Full Story »
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
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 agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
9y ago from SpeedCafe.com
Renault answers Lotus' call with buyout
The will they or won't they buy Lotus saga is coming to an end with...
9y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez cruises to MotoGP Sprint victory at Jerez
Ducati’s Marc Marquez cantered to a record-equalling fifth consecutive...
20h ago from MotorsportWeek.c...
Pedro Acosta still ‘focused' on KTM amid Honda...
Pedro Acosta's manager Albert Valera has provided an update regarding his...
20h ago from MotorsportWeek.c...
MotoGP teams agree on new rule for riders returning...
No description available...
1d ago from Motorsport.com
Nicolo Bulega: Cremona ‘maybe the best weekend’ in...
Nicolo Bulega says “it’s incredible” to complete the Cremona...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin on Alex Palou's supreme form:...
No description available...
2h ago from Motorsport.com
The game-changing decision that put Christian...
No description available...
19h ago from Motorsport.com
Christian Lundgaard ‘could not have dreamed’ of...
Christian Lundgaard has logged a sensational trio of races, and has...
1d ago from MotorsportWeek.c...
Rinus VeeKay’s defensive masterclass leads to best...
Sunday’s IndyCar race at Barber proved to be one of the best in some...
19h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rally Portugal set to feature record-equaling WRC...
No description available...
5d ago from Motorsport.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
1w ago from MotorsportWeek.c...
Hyundai was 'clearly unprepared' for WRC Canary...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal could break club record but still suffer...
Arsenal could set a new club record but still suffer elimination from the...
2h ago from SportsMole.co.uk
Kevin De Bruyne: Man City exit 'a necessary evil' as...
Kevin De Bruyne will feel 'hurt' by Man City's decision not to renew his...
2h ago from SportsMole.co.uk
Chelsea, Manchester United and Arsenal set for 3-horse...
Chelsea, Manchester United and Arsenal are reportedly in a three-horse...
1h ago from SportsKeeda.com
Arsenal training latest: Mikel Arteta receives triple...
Arsenal receive a triple injury boost ahead of the second leg of their...
2h ago from SportsMole.co.uk
Comments
Hottest News
Red Bull urge FIA to act after fierce Max Verstappen duels
Christian Horner feels wheel-to-wheel combat in... Read More »
57m ago from RacingNews365.com
Christian Horner ramps up McLaren pressure as allegations...
Red Bull has hinted at McLaren using an illegal... Read More »
4h ago from RacingNews365.com
Mercedes boss Toto Wolff slams poor F1 example set by...
Mercedes team principal Toto Wolff has suggested... Read More »
3h ago from GPFans.com
