News Details
Renault to clear Lotus debts by December 31st
Lotus returned to London's High Court on Monday morning to explain why it has yet to clear its £2.7 million Her Majesty's Revenue & Customs PAYE debt, back-dated to June. The case has already been adjourned twice, with Lotus explaining its financial position would vastly improve as a result of Renault's proposed takeover. With the French manufacturer finally signing a Letter of Intent, that bought Lotus further time, with Justice Birs agreeing to delay the case until December 7. Renault attended Monday's meeting and confirmed it would complete its takeover of the team by December 19, with all debts cleared by the end of the year. A final hearing is scheduled for December 21,...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Renault to pay Lotus debts by end of year
In the High Court in London this morning, Mr Justice Birss adjourned the...
10y ago from Pitpass.com
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus...
10y ago from GrandPrix247.com
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus...
10y ago from SuperSport.com
Lotus court case postponed pending Renault purchase
The Lotus Formula 1 team's court case has been subject to a further...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP's Concorde Agreement edges closer as talks near...
No description available...
4h ago from Motorsport.com
MotoGP completes investigation into Brazilian GP...
No description available...
19h ago from Motorsport.com
Maverick Vinales and Jorge Lorenzo's partnership cools...
No description available...
1d ago from Motorsport.com
Jorge Martin: Brazilian MotoGP podium ‘feels...
Jorge Martin admits that his double podium from the Brazilian MotoGP...
23h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
16h ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
16h ago from Motorsport.com
Carb day concert line-up announced for Indy 500
Indianapolis Motor Speedway has announced which bands will be playing on...
22h ago from MotorsportWeek.c...
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
4d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Premier League clubs set for transfer battle over...
Elite central midfielders will be top of the agenda for the Premier...
1h ago from SkySports.com
60m-rated duo on Arsenal's list of transfer targets...
Arsenal are reportedly eyeing two new right-backs as they assess options...
3h ago from CaughtOffside.com
Arsenal legend Jens Lehmann worried EFL Cup loss could...
Arsenal legend Jens Lehmann believes the Carabao Cup final loss could...
2h ago from SportsKeeda.com
Arsenal dealt blow in PL title race as key player...
Arsenal have been handed a major blow with Eberechi Eze ruled out with a...
2h ago from SportsKeeda.com
Comments
Hottest News
The ‘long conversation’ that may have led to...
The Formula 1 paddock is no stranger to shock... Read More »
4h ago from F1i.com
Max Verstappen entourage unleashes savage dig at F1 ahead...
Max Verstappen will return to the scene of one of... Read More »
1h ago from GPFans.com
Max Verstappen issues Red Bull message after disappointing...
Red Bull has endured a challenging start to the... Read More »
1h ago from RacingNews365.com
