News Details
Renault announces 'letter of intent' ahead of Lotus hearing
Renault has announced it has signed a letter of intent to buy a controlling stake in the Lotus F1 team, on the morning of the team's High Court appearance with the threat of administration still a possibility. The French manufacturer has confirmed it has made the 'first steps' in taking over the team for the 2016 Formula 1 season and the deal is expected to be completed in the next couple of weeks. “Renault Group and Gravity Motorsports are pleased to announce the signature of a Letter of Intent regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team,” a statement from Renault read. “The signature of this letter of intent marks Renault's first step...
Full Story »
Full Story »
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
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 agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
9y ago from SpeedCafe.com
Renault answers Lotus' call with buyout
The will they or won't they buy Lotus saga is coming to an end with...
9y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Maverick Vinales: ‘It was a big mistake’ to reject...
Maverick Vinales admitted it was a “big mistake” to reject offers...
12h ago from MotorsportWeek.c...
Lorenzo lands front row Start for Indianapolis GP
No description available...
12h ago from Motorsport.com
Marquez and Pedrosa complete perfect 1-2 in qualifying...
No description available...
12h ago from Motorsport.com
Gresini and Cecchinello: Two decades as grand prix...
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
Pietro Fittipaldi is fueled by 5-Hour Energy and lots...
No description available...
12h ago from Motorsport.com
How Scott Dixon pulled off another fuel-saving...
No description available...
1d ago from Motorsport.com
Scott Dixon bet on two stop strategy after he saw...
Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...
2d ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Saudi’s first female racer welcomes a new future for...
No description available...
12h ago from Motorsport.com
F1 celebrates historic milestone with big events and...
No description available...
12h ago from Motorsport.com
Dermot O’Leary to host the 2025 Autosport Awards
No description available...
12h ago from Motorsport.com
How Oliver Solberg is preparing for "dream”...
No description available...
14h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal fans handed boost in hopes of signing Crystal...
Arsenal’s pursuit of Crystal Palace star Eberechi Eze remains firmly on...
2h ago from FreshArsenal.com
Report: Carlos Cuesta trying to sign Arsenal player...
There's been lots of talk about incomings in recent weeks, but if Arsenal...
2h ago from FreshArsenal.com
Arsenal submit initial bid to sign Noni Madueke,...
Arsenal have reportedly submitted an initial bid of £50 million,...
8h ago from SportsKeeda.com
Arsenal edge closer to signing 23-year-old as £50m...
Having completed the signing of Martin Zubimendi over the weekend, Arsenal...
9h ago from CaughtOffside.com
Comments
Hottest News
Two more leading figures leave Red Bull alongside Christian...
Christian Horner is not the only one who has left... Read More »
12h ago from RacingNews365.com
Bernie Ecclestone delivers verdict on Christian Horner axe:...
Former F1 supremo Bernie Ecclestone has long been... Read More »
11h ago from RacingNews365.com
Ferrari chief issues update on Vasseur future
Ferrari CEO Benedetto Vigna has issued an update... Read More »
6h ago from GPFans.com
