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
Marc Marquez assesses his Ducati future beyond 2026...
Nine-time MotoGP champion Marc Marquez will be a key figure in the rider...
15h ago from MotorsportWeek.c...
MotoGP 2026: Team launches and pre-season testing...
No description available...
18h ago from Motorsport.com
Aleix Espargaro quits pro cycling after injuries...
No description available...
1d ago from Motorsport.com
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
1d ago from MotorsportWeek.c...
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
2d ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier pays tribute to WRC rival that...
No description available...
1d ago from Motorsport.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
5d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
AFCON 2025: Pierre-Emerick Aubameyang banned, coaching...
The Gabon government has suspended the men's national team, banning...
28m ago from SportsKeeda.com
Tactics Column: Aggressive press and Hincapie tweak...
A game of two halves? Not quite. Arsenal finished 2025 with a resounding...
6h ago from Arseblog.com
Man United could make January move for Arsenal...
Manchester United could reportedly be ready to make a move for Rennes...
16h ago from CaughtOffside.com
A New Year's Day ramble
Good morning everyone, and welcome to 2026. Here's a quick New Year's Day...
20h ago from Arseblog.com
Comments
Hottest News
Oscar Piastri finds 'forever' McLaren comfort in bid for...
It was a tough end to the 2025 F1 season for... Read More »
18m ago from RacingNews365.com
F1 fans stunned after Valtteri Bottas delivers New Year...
Cadillac F1 star Valtteri Bottas ushered in the... Read More »
7h ago from GPFans.com
Danica Patrick Net Worth vs Kyle Larson Net Worth: Racing...
Danica Patrick and Kyle Larson have both amassed... Read More »
8h ago from Formula1News.co.uk
