News Details
Renault formally completes Lotus takeover
XPB Images
Renault has formally completed its takeover of the Lotus F1 Team, leading to an insolvency petition being dismissed. Lotus has been in court due to a case brought against it by HM Revenue and Customs over unpaid tax, with a hearing in early December being adjourned after Renault confirmed it would take control of the team and pay creditors by the end of the year. With the court reconvening on Monday, Renault's lawyers confirmed the takeover had been completed, telling a judge: "We have the keys, so to speak." HMRC has now withdrawn its application to put the team in to administration with Renault having completed a share purchase agreement ahead of a...
Full Story »
Full Story »
You May Also Be Interested In...
Renault complete purchase of Lotus
Renault have completed their takeover of the Lotus Formula One team and...
10y ago from SuperSport.com
Renault takeover of Lotus finally completed
Renault's return to Formula 1 with its own team has been formally...
10y ago from Motorsport.com
Renault was 'very close' to F1 pull-out - Prost
Alain Prost has revealed that Renault was 'very, very close' to a Formula...
10y ago from Motorsport.com
Renault was 'very close' to F1 pull out - Prost
Alain Prost has revealed that Renault was 'very, very close' to a Formula...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia’s MotoGP tech secret: a double duct hidden...
No description available...
18h ago from Motorsport.com
Toprak Razgatlioglu “always sad” over lack of pace...
No description available...
22h ago from Motorsport.com
Fabio Quartararo warns Yamaha MotoGP rebuild could...
No description available...
1d ago from Motorsport.com
Pedro Acosta found Ducati and Aprilia’s pace...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Barnes: IndyCar officiating is already starting to...
No description available...
6h ago from Motorsport.com
IndyCar changes tire usage requirements, makes safety...
No description available...
12h ago from Motorsport.com
IndyCar updates tire rules for 2026 season
Among a few changes coming for the 2026 NTT IndyCar Series season, a new...
9h ago from MotorsportWeek.c...
IndyCar introduces safety flaps to prevent airborne...
The NTT IndyCar series has detailed a new addition to cars competing in...
11h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
The post-derby glow
Morning all. Hopefully you're still enjoying the warm glow of Sunday's...
10m ago from Arseblog.com
Arsenal latest: Gunners make fun of Spurs on social...
No description available...
9h ago from SkySports.com
Donnarumma vs Raya: Who is the better GK in the title...
In the last few weeks of the Premier League season, the importance of...
10h ago from SkySports.com
Tactics Column: Key quartet step up to deliver North...
'It feels like we've shown what we are made of but then you have to show...
14h ago from Arseblog.com
Comments
Hottest News
Ecclestone, Briatore warn of ‘chaos' under 2026 rules
Feb.24 Long-time Formula 1 powerbrokers Bernie... Read More »
1h ago from OneStopStrategy.com
Andrea Stella admits Melbourne will challenge 2026 Formula...
With Formula 1 preseason testing over, teams head... Read More »
1h ago from GrandPrix247.com
Can Aston Martin recover from nightmare F1 pre-season?
Having approached Formula 1's major 2026... Read More »
1h ago from SkySports.com
