News Details

Renault to announce team name, management in February

Renault has confirmed it has finally taken overall control of the Lotus F1 Team following its recent takeover bid, which despite being confirmed over a fortnight ago, was still subject to signing of contracts. The French manufacturer has cleared the teams debts, allowing for London's High Court to dismiss an insolvency petition brought against the team. "On Friday 18 December 2015, Groupe Renault and Gravity Motorsport S.a.rl, an affiliate of Genii Capital SA, formally and successfully completed the acquisition by Groupe Renault of a controlling shareholding of Lotus F1 Team Limited," confirmed a statement. Renault will confirm further details at an event in Paris early...
Full Story »
Share

You May Also Be Interested In...

Renault finalises takeover of Lotus

Lotus F1 Team Renault has finalised its purchase of the Lotus Formula 1...
9y ago from F1Zone.net

2015 review: Lotus mired in the midfield

– Having covered the top five teams last week, GPUpdate.net moves...
9y ago from GPUpdate.net

Renault formally complete takeover of Lotus F1 Team

Renault have announced that their takeover of the Lotus F1 Team has been...
9y ago from FormulaSpy.com

Renault issues a statement on Lotus

Renault has officially confirmed its 'controlling shareholding of Lotus...
9y ago from Pitpass.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

Felix Rosenqvist still feels like a rookie after 100...

This weekend at Barber Motorsports Park, Felix Rosenqvist will start his...

AJ Foyt Racing continues partnership with Homes For...

AJ Foyt Racing has announced that it will once again partner with Homes...
17h ago from MotorsportWeek.c...

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

Arsenal legend names the 'proper No.9' Mikel Arteta...

Arsenal legend Nigel Winterburn has named his ideal striker target for the...
1h ago from CaughtOffside.com

Arsenal indicate willingness to discuss William Saliba...

Arsenal could reportedly be open to selling William Saliba to Real Madrid,...
1h ago from CaughtOffside.com

Report: Liverpool & Arsenal on alert as club...

Liverpool and Arsenal are reportedly among the top clubs showing an...
2h ago from CaughtOffside.com

'Can return before the end of this season for Arsenal'...

Arsenal manager Mikel Arteta has provided an update on the progress of...
34m ago from SportsKeeda.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.