News Details

Lotus rue lack of funds

Lotus' season had the potential to be far stronger had they had more money to develop the E23, according to technical director Nick Chester. The Enstone-based outfit remains the subject of a protracted takeover by former owners Renault, a move which would solve the team's long-running financial problems. A High Court case over unpaid tax and national insurance was adjourned for 10 weeks in September, until December 7, to give Renault time to complete its purchase of a controlling stake. Meanwhile, the financial pinch has also been felt by the team at the race track with employees locked out of their hospitality unit at the Japanese GP. And although the team are actually on course to finish...
Full Story »
10y ago from SkySports.com 0
Share

You May Also Be Interested In...

Chester: Finances hurt Lotus E23 development

Lotus F1 Team Lotus technical director Nick Chester says that development...
10y ago from F1Zone.net

2015 'felt a lot more restrictive' for Lotus

 XPB Images Lotus technical director Nick Chester says the...
10y ago from F1i.com

Lotus could have gone "a lot further" in 2015

Lotus could have been a much stronger force in the 2015 Formula 1 season...
10y ago from Motorsport.com

2016 will be difficult for Lotus/Renault –...

Pastor Maldonado is latest to comment on the situation of Lotus-Renault...
10y ago from F1Hub.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar looking to add ‘more events, not just...

IndyCar has identified a need to make sure future races on the calendar...

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Popular On TotalWRC.com

Popular On GunnersToday.com

Manchester United plot shock move for Arsenal star in...

Manchester United are reportedly preparing a sensational raid on rivals...
7h ago from CaughtOffside.com

Liverpool & Chelsea want Arsenal priority target...

Yan Diomande has been linked with a move away from RB Leipzig in recent...
7h ago from CaughtOffside.com

Arteta fears Arsenal trophy hunt could be hindered by...

t;li>Declan Rice ruled out of Club Brugge match with illnessMax Dowman...
9h ago from TheGuardian.com

Carlo Ancelotti predicts teams that will win Champions...

Brazil head coach Carlo Ancelotti has predicted the teams that he thinks...
15h 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.