News Details

Renault finalises takeover of Lotus

Lotus F1 Team Renault has finalised its purchase of the Lotus Formula 1 team ahead of its full-scale return as a works outfit next season. Renault signed a letter of intent to buy the squad in September and formally confirmed its intentions at the start of December, though still had to complete the final stages. A lawyer for Renault confirmed to the High Court on Monday that all debts owed to the British tax authorities were completed and that the team has now been handed over. "We have a completion of the share purchase," Renault's lawyer is quoted by Reuters. "We have the keys, so to speak." Renault will reveal further plans regarding its full-scale Formula 1 comeback...
Full Story »
9y ago from F1Zone.net 0
Share

You May Also Be Interested In...

Renault complete purchase of Lotus

Renault have completed their takeover of the Lotus Formula One team and...
9y ago from SuperSport.com

Renault complete Lotus deal

Renault have formally completed their takeover of Lotus, signalling the...
9y ago from SkySports.com

Renault completes purchase of Lotus

– Renault has formally completed its takeover of Lotus, after...
9y ago from GPUpdate.net

Renault takeover of Lotus finally completed

Renault's return to Formula 1 with its own team has been formally...
9y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Yamaha set to confirm new inline-four MotoGP engine at...

Yamaha admits it is likely to use its updated inline-four MotoGP engine...

Joan Mir confirms new Honda engine sees improvement in...

Joan Mir confirmed that Honda's new engine has shown improvements in 'all...

Popular On IndyCarToday.com

AJ Foyt Racing continues partnership with Homes For...

AJ Foyt Racing has announced that it will once again partner with Homes...
10h ago from MotorsportWeek.c...

Corvette ZR1 pace car revealed for 109th Indy 500

Indianapolis Motor Speedway has revealed the pace car that will head the...

Popular On TotalWRC.com

Toyota Gazoo Racing's silver lining

Toyota Gazoo Racing has a silver lining, literally. Not content with a...

Popular On GunnersToday.com

Liverpool and Arsenal on alert as Newcastle owner...

One of the big stories in regards to Newcastle this summer will revolve...
37m ago from CaughtOffside.com

Friday thoughts – observing the universe

Morning. This might surprise you, but I woke up thinking about...
1h ago from Arseblog.com

What's going on with Odegaard?

It is often claimed the captain is the beating heart that fully embodies a...
1h ago from SkySports.com

Revealed: Man Utd close to agreement after offering...

Manchester United are closer to a verbal agreement with Wolves forward...
2h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.