News Details
Renault signs letter of intent for Lotus takeover
Renault's takeover of Lotus has taken a step forward after the French manufacturer signed a letter of intent confirming its plans to buy out the cash-strapped team for 2016. Lotus and Renault have been engaged in talks for many months about a possible revival of the manufacturer's works Formula 1 team that last raced in the sport in 2010. While negotiations have been ongoing, Lotus has been working hard to stay financially afloat, but was at risk of entering administration today in a High Court hearing regarding unpaid tax bills. However, this appears to have been averted thanks to Renault's announcement that confirms it intends to buy the Enstone-based operation. 'Renault Group and...
Full Story »
Full Story »
10y ago from RichlandF1.com
0
You May Also Be Interested In...
Renault signs letter of intent to buy Lotus F1 Team
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
10y ago from F1Technical.net
Renault edges closer to Lotus takeover
Lotus F1 Team Renault has edged closer to a full-scale Formula 1 return...
10y ago from F1Zone.net
Renault announces 'letter of intent' ahead of Lotus...
Renault has announced it has signed a letter of intent to buy a...
10y ago from Crash.net
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
10y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP breaks attendance records in 2025; only two...
No description available...
4h 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...
1d ago from MotorsportWeek.c...
22 MotoGP rounds are “too many for the body”,...
No description available...
1d ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.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
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
3h ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
2d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
“Is this a joke?”, “I don’t understand” -...
Arsenal fans on social media are left confused by Mikel Arteta's starting...
40m ago from SportsKeeda.com
Everton 0-1 Arsenal: Premier League – as it happened
tor Gyökeres thundered home a first-half penalty to ensure Arsenal will...
1h ago from TheGuardian.com
Madueke and Martinelli magic makes it perfect six for...
s was an evening of notable milestones for Arsenal and Gabriel Martinelli,...
1h ago from TheGuardian.com
Premier League giants reject chance to sign Antoine...
Arsenal reportedly turned down the chance to sign Antoine Semenyo despite...
2h ago from SportsKeeda.com
Comments
Hottest News
F1: Lambiase to Aston Martin?
There is speculation that Max Verstappen's... Read More »
3h ago from Pitpass.com
Aston Martin reportedly targeting Max Verstappen's...
Max Verstappen's long-time race engineer in F1,... Read More »
1h ago from MotorsportWeek.com
George Russell hits out at 'illegal' Charles Leclerc gift
George Russell was left bemused after a secret... Read More »
1h ago from GPFans.com
