News Details
Lotus faces administration if deal can't be struck
The Lotus F1 Team is facing administration if it fails to reach an agreement with a group of creditors that have brought a winding-up petition against the team at the High Court. Companies Court in London has adjourned the hearing for two weeks in order to give Lotus and its creditors time to talk out a deal, which Lotus CEO Matthew Carter is confident will happen. "There is a court process we are going through," he confirmed to Autosport. "A number of suppliers are feeling a little negative because of what happened to Caterham and Marussia, and they felt they had to go down this process. "We've had dealings and agreements with the companies that are taking...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Lotus F1 team have winding-up petition adjourned
A winding-up petition brought by creditors against the Lotus Formula...
10y ago from GrandPrix247.com
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team has been given two weeks to reach an agreement...
10y ago from SpeedCafe.com
Lotus winding-up petition postponed
– A winding-up petition against Lotus has been adjourned for two...
10y ago from GPUpdate.net
Lotus winding-up hearing postponed by High Court
Lotus has been able to postpone a winding-up hearing for two weeks after...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
8h ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
9h ago from MotorsportWeek.c...
Michelin boss reveals potential cause of ‘never...
Marc Marquez admits the puncture that cost him a podium finish at the...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
1d ago from MotorsportWeek.c...
Winners and losers from the 2026 IndyCar season-opener...
No description available...
1d ago from Motorsport.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
2d ago from MotorsportWeek.c...
Gallery: IndyCar kicks off 2026 season at St. Pete
Motorsport Week has exclusive images from the IndyCar curtain-raiser in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
4d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
“No words needed” – Pascal Gross rips into...
Brighton & Hove Albion’s Pascal Gross has slammed Arsenal’s...
35m ago from CaughtOffside.com
Arsenal fans will love what David Raya was seen doing...
Arsenal goalkeeper David Raya cemented his status as a fan favorite on...
2h ago from CaughtOffside.com
‘Only one team tried to play’: Hürzeler hits out...
t;li>‘They are doing their own rules, no matter how they...
35m ago from TheGuardian.com
'Has been immense this game', 'Was f**ing...
Arsenal fans have singled out Gabriel Magalhaes for praise over his...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 broadcaster announces 2026 TV line-up with glaring...
Sky Sports' Formula 1 television coverage of the... Read More »
1h ago from MotorsportWeek.com
Cadillac F1 chief named in explosive lawsuit
Dan Towriss, chief of the all-new Cadillac F1... Read More »
2h ago from GPFans.com
Sky Sports F1 part ways with controversial pundit ahead of...
A member of the Sky Sports F1 punditry team will... Read More »
9h ago from RacingNews365.com
