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Renault issues a statement on Lotus
Renault has officially confirmed its 'controlling shareholding of Lotus F1 Team Limited'. A statement issued on Monday, several hours after an insolvency petition that would have put the Enstone team into administration was formally dismissed, reads as follows: On Friday 18 December 2015, Groupe Renault and Gravity Motorsport S.a.rl, an affiliate of Genii Capital SA, formally and successfully completed the acquisition by Groupe Renault of a controlling shareholding of Lotus F1 Team Limited. The new team name, full management structure, team partners and other details will be announced during an event to be held in Paris in February. In the interim, a new board of directors has been...
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