News Details
Renault signs letter of intent for Lotus buyout
Renault has moved a step closer its takeover of Lotus and the return of a works Formula 1 team, after revealing that it has signed a letter of intent regarding a purchase of the outfit. Following weeks of uncertainty about the deal, and with a looming High Court appearance for Lotus on Monday brought by HMRC, the news is a huge boost to the Enstone outfit. It should allow the team and engine manufacturer the time frame it needs to put the finances of the deal in place, and herald the potential return of a works Renault outfit to F1. The statement said: "Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii Capital SA, are pleased to announce the signature of a Letter of...
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Ecclestone baffled by Renault's delay over Lotus deal
Formula 1 supremo Bernie Ecclestone says he is baffled as to why Renault...
10y ago from Motorsport.com
Renault's Lotus takeover deal still faces hurdles
Renault F1 chief Cyril Abiteboul and Lotus owner Gerard Lopez have both...
10y ago from Motorsport.com
Grosjean poised for Haas confirmation
Romain Grosjean will commit his Formula 1 future to Haas immediately after...
10y ago from Motorsport.com
Renault switch was a 'serious option' - Perez
Sergio Perez has admitted he held serious talks with Renault about...
10y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
2h ago from Motorsport.com
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
1h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
22h ago from Motorsport.com
How Ai Ogura is starting to fulfil his MotoGP potential
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
13h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
16h ago from MotorsportWeek.c...
Tweaked single-car Fast Six qualifying set for...
No description available...
1d ago from Motorsport.com
OpenAI expands partnership with Chip Ganassi Racing to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why WRC Croatia victory was “quite special” for...
No description available...
1d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
2d ago from MotorsportWeek.c...
WRC Croatia: Driver crashes… then sits down for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal star open to summer exit, change of agent...
Arsenal forward Gabriel Jesus could find himself at the center of transfer...
2h ago from CaughtOffside.com
'They didn't have an answer' - Thierry Henry explains...
Arsenal legend Thierry Henry reckons Sporting CP could get the better of...
4h ago from SportsKeeda.com
‘No fear. Pure fire’: Mikel Arteta rallies wounded...
ager calls on players and fans to embrace the chance of Champions League...
5h ago from TheGuardian.com
Sources: Arsenal willing to sell Jesus and Havertz to...
Arsenal are intensifying their efforts to secure the signing of Julián...
6h ago from CaughtOffside.com
Comments
Hottest News
Lawrence Stroll could make last-minute Aston Martin...
An F1 insider has suggested that Lawrence Stroll... Read More »
3h ago from GPFans.com
Red Bull linked with extraordinary move for McLaren F1...
Red Bull have been linked with a shocking move... Read More »
1h ago from GPFans.com
McLaren chief boasts Mercedes are beatable as Miami...
A key player in McLaren's technical development... Read More »
2h ago from GPFans.com
