News Details
Renault to clear Lotus debts by December 31st
Lotus returned to London's High Court on Monday morning to explain why it has yet to clear its £2.7 million Her Majesty's Revenue & Customs PAYE debt, back-dated to June. The case has already been adjourned twice, with Lotus explaining its financial position would vastly improve as a result of Renault's proposed takeover. With the French manufacturer finally signing a Letter of Intent, that bought Lotus further time, with Justice Birs agreeing to delay the case until December 7. Renault attended Monday's meeting and confirmed it would complete its takeover of the team by December 19, with all debts cleared by the end of the year. A final hearing is scheduled for December 21,...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Renault to pay Lotus debts by end of year
In the High Court in London this morning, Mr Justice Birss adjourned the...
10y ago from Pitpass.com
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus...
10y ago from GrandPrix247.com
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus...
10y ago from SuperSport.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
Elsewhere On The Network
Popular On MGPToday.com
Davide Brivio: Trackhouse looking to remain Aprilia's...
Team boss Davide Brivio has revealed that Trackhouse Racing is looking to...
50m ago from MotorsportWeek.c...
Joan Mir fears early silly season could leave MotoGP...
No description available...
20h ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
1d ago from MotorsportWeek.c...
Ducati: Resurgent Francesco Bagnaia back to his...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Sebring test: Marcus Armstrong leads Day 2,...
No description available...
11h ago from Motorsport.com
Josef Newgarden views 2026 as a ‘hard reset’ after...
Josef Newgarden is coming off one of his toughest years in IndyCar,...
13h ago from MotorsportWeek.c...
Scott Dixon to be inducted into IMS Hall of Fame
The Indianapolis Motor Speedway Museum has announced today that IndyCar...
18h ago from MotorsportWeek.c...
Jacob Abel prioritizing IMSA effort but still desires...
No description available...
19h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
22h ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
5d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Journalist claims important Arsenal talks 'moving in a...
Arsenal's talks over a new contract for Kai Havertz are reportedly moving...
1h ago from CaughtOffside.com
Brentford vs Arsenal Prediction and Betting Tips |...
Brentford and Arsenal will battle for three points in a Premier League...
3h ago from SportsKeeda.com
Premier League round-up & predictions
Morning. There was Premier League action last night, and I decided I'd...
3h ago from Arseblog.com
Liverpool eye midfield fix with £100m Arsenal and Man...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
18h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain Pre-Season 1st Test - Day 1
Follow along with the first day of the first... Read More »
5h ago from RacingNews365.com
Bahrain F1 testing: Day 1 in pictures
F1 teams are up and running today at the Bahrain... Read More »
50m ago from F1i.com
2026 F1 Bahrain Pre-Season 1st Test - Day 1 morning results
Check out the full results from the morning... Read More »
20m ago from RacingNews365.com
