News Details
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus Formula 1 team on 16 December and pay creditors, including Britain's tax authorities, by the end of the year, the High Court heard on Monday. All parties in a protracted case brought against struggling Lotus by the Revenue and Customs authority over unpaid tax, with other creditors also represented, agreed to a further adjournment to 21 December. 'We are in a different territory now,' a lawyer for the team told the court. 'You got away with it…or rather, it has been got away with,' commented the judge, Mr Justice Birss, after hearing none of the creditors objected to the adjournment that he said was clearly in the...
Full Story »
Full Story »
8y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault are back in F1 as full works team
Renault will return to Formula 1 as a constructor next year after...
8y ago from GrandPrix247.com
Analysis: Is Renault deal first salvo in new Concorde...
As the F1 world awaits a decision from Renault on its F1 future, it has...
8y ago from Motorsport.com
Lotus court case postponed pending Renault purchase
The Lotus Formula 1 team's court case has been subject to a further...
8y ago from Motorsport.com
Renault announce completion of Lotus takeover; return...
Renault have re-entered Formula 1 as a constructor, following completion...
8y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez doesn't consider himself fastest in Thai GP...
No description available...
19m ago from Motorsport.com
MotoGP Thailand GP: Marquez tops second practice with...
No description available...
2h ago from Motorsport.com
Sterlacchini to begin Aprilia technical director role...
No description available...
1h ago from Motorsport.com
Marc Marquez sets new lap record to top second Thai...
Marc Marquez sets a blistering lap record pace to top the timesheets in...
2h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pushing for innovation: IndyCar's need for an...
No description available...
17h 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...
2d ago from MotorsportWeek.c...
Malukas reflects on turbulent 2024 IndyCar season that...
No description available...
2d ago from Motorsport.com
Former Red Bull Junior Hauger joins Andretti’s Indy...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Lancia launches its return to rally with Ypsilon Rally4
No description available...
1h ago from Motorsport.com
Solberg sheds light on 2025 WRC Rally1/Rally2 conundrum
No description available...
23h ago from Motorsport.com
Hyundai yet to make 2025 WRC third driver call as...
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...
2d ago from TheCheckeredFlag...
Popular On GunnersToday.com
Arsenal plotting move for Barcelona forward as they...
No description available...
2h ago from SportsKeeda.com
Arsenal and Chelsea can only sign prolific attacker if...
According to TBR Football, Sporting Lisbon attacker Viktor Gyokeres will...
2h ago from CaughtOffside.com
Inside Spain: El Clasico, the Hansi Flick lie, the...
Inside Spain is a weekly instalment brought to you by Football España,...
1h ago from CaughtOffside.com
Arsenal on red alert in pursuit of 25-year-old Premier...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Hamilton and Verstappen to face car PROBLEMS at Mexican GP
Formula 1 heads to Mexico City this weekend for... Read More »
2h ago from GPFans.com
TYRE PREVIEW: Pirelli set to debut brand-new C6 tyre in...
Formula One's sole tyre supplier Pirelli has... Read More »
59m ago from F1Technical.net
Herbert: I don’t agree with Andrea Stella
In the wake of Lando Norris' penalty at the 2024... Read More »
4h ago from GrandPrix247.com
