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 »
9y 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...
9y 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...
9y 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...
9y ago from Motorsport.com
Renault announce completion of Lotus takeover; return...
Renault have re-entered Formula 1 as a constructor, following completion...
9y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia to run “special test” for Jorge Martin...
No description available...
22h ago from Motorsport.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
23h ago from MotorsportWeek.c...
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1d ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
13h ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
2d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
1d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
6d ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Someone who catches my eye' – Arsenal expert...
Arsenal are being linked with a number of wingers at the moment, but...
58m ago from CaughtOffside.com
Bid made: Arsenal waiting for response from club as...
Arsenal have reportedly made a bid for Brentford defensive midfielder...
38m ago from CaughtOffside.com
Arsenal keen on signing PSG star Mikel Arteta looks to...
Arsenal are reportedly looking to snap up PSG striker Bradley Barcola.
1h ago from SportsKeeda.com
Fabrizio Romano drops 'here we go' & another...
Arsenal fans have been given some exciting transfer news in the last half...
18m ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton stuns Ferrari insider with 'sensational'...
We are now 10 races into the 2025 F1 season, and... Read More »
3h ago from GPFans.com
Wolff reveals reason why Mercedes won’t race at Le Mans
Mercedes F1 team principal Toto Wolff has ruled... Read More »
3h ago from F1i.com
Sebastian Vettel reveals Red Bull talks over F1 future role
Four-time F1 World Champion Sebastian Vettel has... Read More »
48m ago from MotorsportWeek.com
