News Details
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the Lotus F1 team, the French car maker has announced. Confirmation of the agreement follows months of negotiations between Renault and the current ownership group, which includes investment firm Genii Capital. Embroiled in financial turmoil, the team is today facing another appearance in the UK's High Court relating to almost £2.7 million in unpaid taxes. Lotus staff were locked out of the team's catering facility at the weekend's Japanese Grand Prix due to other unpaid bills. A Renault statement says that it hopes to complete the planned buy-in within the coming weeks. 'Renault Group and Gravity Motorsports S.a.r.l., an...
Full Story »
Full Story »
10y ago from SpeedCafe.com
0
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...
10y ago from Pitpass.com
Renault signs letter of intent with Lotus
– Renault has confirmed that it has signed a letter of intent with...
10y ago from GPUpdate.net
Breaking News: Done deal as Renault buy Lotus
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
10y ago from GrandPrix247.com
Renault signs letter of intent for Lotus buyout
Renault has moved a step closer its takeover of Lotus and the return of a...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini ‘can’t explain’ KTM tyre...
Enea Bastianini admitted he “can’t explain why” he struggled to...
4h ago from MotorsportWeek.c...
What was behind Enea Bastianini's worst season in...
No description available...
7h ago from Motorsport.com
Fernando Alonso: No normal person could achieve what...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Top five memorable drives of the 2025 IndyCar season
No description available...
3h ago from Motorsport.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
2d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
5d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Can 'tactical genius' Emery get the better of Arteta...
Unai Emery says going to Arsenal on Tuesday night is Aston Villa's...
1h ago from SkySports.com
“There’s nothing special in our squad” - Arsenal...
Arsenal manager Mikel Arteta has admitted that the club are not ruling out...
2h ago from SportsKeeda.com
“It’s actually common sense” - Gary Lineker...
Pundit Gary Lineker has advised Arsenal striker Viktor Gyokeres to emulate...
3h ago from SportsKeeda.com
Paul Merson predicts Arsenal vs Aston Villa and other...
The fixtures are coming thick and fast in the Premier League. This run...
4h ago from SportsKeeda.com
Comments
Hottest News
Vettel’s brutally honest admission on his final years at...
In a candid retrospective, Sebastian Vettel has... Read More »
2h ago from F1i.com
Ultimate Max Verstappen madness predicted: 'One billion...
Max Verstappen impressed many with his adventures... Read More »
43m ago from RacingNews365.com
Williams reportedly enters the race for Red Bull’s...
Williams may have just thrown a well-timed... Read More »
3h ago from F1i.com
