News Details
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus Formula 1 team on 16 December and pay creditors, including Britain's tax authorities, by the end of the year, the High Court heard on Monday. All parties in a protracted case brought against struggling Lotus by the Revenue and Customs authority over unpaid tax, with other creditors also represented, agreed to a further adjournment to 21 December. 'We are in a different territory now,' a lawyer for the team told the court. 'You got away with it…or rather, it has been got away with,' commented the judge, Mr Justice Birss, after hearing none of the creditors objected to the adjournment that he said was clearly in the...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault are back in F1 as full works team
Renault will return to Formula 1 as a constructor next year after...
10y ago from GrandPrix247.com
Analysis: Is Renault deal first salvo in new Concorde...
As the F1 world awaits a decision from Renault on its F1 future, it has...
10y ago from Motorsport.com
Lotus court case postponed pending Renault purchase
The Lotus Formula 1 team's court case has been subject to a further...
10y ago from Motorsport.com
Renault announce completion of Lotus takeover; return...
Renault have re-entered Formula 1 as a constructor, following completion...
10y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
17h ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
19h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
17h ago from Motorsport.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
10h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
15h ago from Motorsport.com
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
14h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Sweden: Oliver Solberg sets the pace to grab early...
No description available...
11h ago from Motorsport.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
16h ago from Motorsport.com
Low snowfall throws up extra curveball for WRC crews...
No description available...
13h ago from Motorsport.com
Martins Sesks sets out target ahead of WRC return
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
“He was a bit of a passenger” - Peter Crouch...
Peter Crouch singled out Arsenal star Eberechi Eze for criticism,...
31m ago from SportsKeeda.com
“It’s always like this” - Arsenal boss Mikel...
Arsenal manager Mikel Arteta has shared his thoughts on struggling star...
1h ago from SportsKeeda.com
“Do you know what?” - Arsenal hero Martin Keown...
Arsenal legend Martin Keown has agreed with Brentford boss Keith Andrews...
1h ago from SportsKeeda.com
'You can focus on what you have to do' | Arteta...
Mikel Arteta shares his post-match thoughts are Arsenal's 1-1 draw away to...
6h ago from SkySports.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain Pre-Season Test 1 - Day 3
Follow along with the third and final day of the... Read More »
41m ago from RacingNews365.com
Lando Norris highlights 'beautiful' Red Bull advantage
Red Bull seem to be the team other competitors... Read More »
1h ago from RacingNews365.com
F1 News Today: Verstappen destroys new regulations as...
Max Verstappen issued a brutal verdict on F1's... Read More »
51m ago from GPFans.com
