News Details
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the Lotus F1 team, the French car maker has announced. Confirmation of the agreement follows months of negotiations between Renault and the current ownership group, which includes investment firm Genii Capital. Embroiled in financial turmoil, the team is today facing another appearance in the UK's High Court relating to almost £2.7 million in unpaid taxes. Lotus staff were locked out of the team's catering facility at the weekend's Japanese Grand Prix due to other unpaid bills. A Renault statement says that it hopes to complete the planned buy-in within the coming weeks. 'Renault Group and Gravity Motorsports S.a.r.l., an...
Full Story »
Full Story »
9y ago from SpeedCafe.com
0
You May Also Be Interested In...
Lotus: Renault signs Letter of Intent
As Lotus heads to the High Court in London, Renault issued a Letter of...
9y ago from Pitpass.com
Renault signs letter of intent with Lotus
– Renault has confirmed that it has signed a letter of intent with...
9y ago from GPUpdate.net
Breaking News: Done deal as Renault buy Lotus
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
9y ago from GrandPrix247.com
Renault signs letter of intent for Lotus buyout
Renault has moved a step closer its takeover of Lotus and the return of a...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Pecco Bagnaia baffled after risking crashes and still...
No description available...
13h ago from Motorsport.com
MotoGP Catalan GP: Marc Marquez inherits sprint win as...
No description available...
16h ago from Motorsport.com
Alex Marquez crashed out of Catalan GP sprint because...
No description available...
15h ago from Motorsport.com
Marc Marquez had ‘given up’ on Barcelona sprint...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
4d ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
3d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
3d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
6d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
5d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt blow as star man out for 3-4 weeks after...
Arsenal have reportedly been handed a massive blow with William Saliba out...
49m ago from SportsKeeda.com
‘No chance of happening' – Fabrizio Romano...
Reports linking Leandro Trossard with a shock move away from Arsenal have...
18h ago from CaughtOffside.com
Mikel Arteta should heed a lesson from Fabian...
s hard to avoid the feeling that, after Brighton boldly took their...
11h ago from TheGuardian.com
Latest report confirms major injury blow for Arsenal,...
Arsenal have been dealt a major injury blow with defender William Saliba...
9h ago from CaughtOffside.com
Comments
Hottest News
FIA confirm Lando Norris among F1 stars hit by lap deletion...
The FIA have announced that McLaren star Lando... Read More »
49m ago from GPFans.com
F1 News Today: Lewis Hamilton hit with Monza penalty as F1...
Lewis Hamilton's disappointing showing during... Read More »
1h ago from GPFans.com
Nico Rosberg rips into 'crazy' Red Bull situation after...
Max Verstappen was seventh-tenths of a second... Read More »
2h ago from RacingNews365.com
