News Details
Renault to buy controlling stake in troubled Lotus
French car maker Renault on Monday announced it would buy a majority stake in the financially stretched Lotus Formula 1 motor racing team in a move that could allow it return as a team in time for the 2016 season. Lotus, one of the sport's iconic names and the team that won world championships with Michael Schumacher and Fernando Alonso in previous guises of Benetton and Renault, are hoping to be rescued by Renault. "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," Renault said in a statement....
Full Story »
Full Story »
10y ago from SuperSport.com
0
You May Also Be Interested In...
Renault edges closer to Lotus takeover
Lotus F1 Team Renault has edged closer to a full-scale Formula 1 return...
10y ago from F1Zone.net
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
10y ago from SpeedCafe.com
Renault signs letter of intent for Lotus takeover
Renault's takeover of Lotus has taken a step forward after the French...
10y ago from RichlandF1.com
Renault signs letter of intent to buy Lotus F1 Team
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
10y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
“You don’t want to try your best” - Fabio...
No description available...
44m ago from Motorsport.com
Alex Marquez quickest in second Jerez MotoGP practice,...
Gresini Racing rider Alex Marquez stormed to the top of the timesheets in...
2h ago from MotorsportWeek.c...
Davide Brivio: 'It's time for Trackhouse to get an...
No description available...
1h ago from Motorsport.com
MotoGP Spanish GP: Alex Marquez leads Ducati 1-2 in...
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
2d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
2d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
3d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Canary Islands: Sebastien Ogier extends lead as...
No description available...
3h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier leads, SS3...
No description available...
7h ago from Motorsport.com
Kalle Rovanpera offering tips as Takamoto Katsuta...
No description available...
19h ago from Motorsport.com
Everything we know about the WRC’s newest constructor
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
Man United hold edge in race for 21-G/A Arsenal and...
Aston Villa star Morgan Rogers has been linked with a move away from the...
24m ago from CaughtOffside.com
'I see them bouncing back and winning this' - Alan...
Alan Shearer has shared his prediction for Arsenal's crucial clash against...
1h ago from SportsKeeda.com
Two Arsenal stars 'probably' back for Newcastle, one...
Arsenal manager Mikel Arteta has said that Bukayo Saka and Riccardo...
2h ago from CaughtOffside.com
Comments
Hottest News
McLaren reveals F1 legality suspicions of Ferrari...
McLaren chief designer Rob Marshall has revealed... Read More »
1h ago from MotorsportWeek.com
F1 teams warned over 'dangerous path': 'They might be...
The calculations for F1's ADUO will be made... Read More »
1h ago from RacingNews365.com
Jean Alesi crashes extremely expensive classic Ferrari F1...
This weekend, the annual Historic Grand Prix is... Read More »
1h ago from RacingNews365.com
