News Details
Renault completes purchase of Lotus
– Renault has formally completed its takeover of Lotus, after finalising a share purchase agreement (SPA) and paying off debts to creditors, including the British tax authorities.Renault, which initially signed a letter of intent with Lotus in September, finally confirmed that it would be purchasing the Enstone-based team at the beginning of the month.Final details, including the payment of debts and share transfers, still needed to be settled, but a lawyer for Renault told the High Court on Monday that the process is now complete."We have a completion of the share purchase. We have the keys, so to speak," a lawyer for Renault was quoted as saying by Reuters during a...
Full Story »
Full Story »
9y ago from GPUpdate.net
0
You May Also Be Interested In...
Renault formally completes Lotus takeover
XPB Images
Renault has formally completed its takeover of the...
9y ago from F1i.com
Renault complete purchase of Lotus
Renault have completed their takeover of the Lotus Formula One team and...
9y ago from SuperSport.com
Renault takeover of Lotus finally completed
Renault's return to Formula 1 with its own team has been formally...
9y ago from Motorsport.com
Verstappen completes ‘most overtaking moves' in...
Toro Rosso driver, Max Verstappen has completed the most amount of...
9y ago from F1Hub.net
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez prevails in Silverstone MotoGP Sprint race
Alex Marquez prevailed to take his second Sprint race victory at...
1h ago from MotorsportWeek.c...
MotoGP British GP: Alex Marquez wins, ending Marc's...
No description available...
1h ago from Motorsport.com
Fabio Quartararo continues pole streak in MotoGP...
Fabio Quartararo claimed pole position for the third consecutive race,...
5h ago from MotorsportWeek.c...
MotoGP British GP: Fabio Quartararo’s third straight...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay completes shakedown of backup Indy...
Saturday morning at Indianapolis Motor Speedway, Ryan Hunter-Reay was...
2h ago from MotorsportWeek.c...
According to Marcus Ericsson, patience is the name of...
No description available...
2h ago from Motorsport.com
Josef Newgarden leads Indy 500 final practice, RHR's...
No description available...
1d ago from Motorsport.com
Costly Carb Day practice as Josef Newgarden fastest
Friday was Carb Day at the Indianapolis Motor Speedway, with drivers...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC signs new deal to race in Portugal until at least...
No description available...
2d ago from Motorsport.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
5d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
6d ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal out to equal Man United defensive record in...
Arsenal will have the chance to emulate Manchester United when they face...
3h ago from SportsMole.co.uk
From France: Arsenal have definite interest in 'great...
Arsenal are interested in signing the Portuguese international attacker...
1h ago from CaughtOffside.com
Arsenal begin talks to sign 25-year-old Portugal...
Arsenal have reportedly initiated a conversation with AC Milan winger...
2h ago from SportsKeeda.com
Team News: Southampton vs. Arsenal injury, suspension...
Sports Mole rounds up all of the latest injury and suspension news ahead...
2h ago from SportsMole.co.uk
Comments
Hottest News
FIA confirm Monaco Grand Prix disqualification penalty
The FIA have confirmed the penalty for F1 teams... Read More »
1h ago from GPFans.com
Max Verstappen points accusing finger at Ferrari after...
Max Verstappen had a scare with Lewis Hamilton in... Read More »
42m ago from RacingNews365.com
F1 Qualifying Results: Lewis Hamilton and Max Verstappen...
Kimi Antonelli wrecked his first Formula 1... Read More »
2h ago from GPFans.com