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 star Pedro Acosta wants to keep racing beyond 35
No description available...
1h ago from Motorsport.com
Giacomo Agostini backs 2027 MotoGP rules: “Wings...
No description available...
20h ago from Motorsport.com
Nicolo Bulega: If no 2027 MotoGP move arrives, it's...
Nicolo Bulega believes that not securing a 2027 MotoGP ride wouldn’t be...
1d ago from MotorsportWeek.c...
Injured Maverick Vinales to miss Spanish GP after...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach win “probably ranks top three” for Alex...
No description available...
13h ago from Motorsport.com
Alex Palou: Chances at IndyCar win were low before...
Alex Palou took victory in Sunday’s Grand Prix of Long Beach IndyCar...
18h ago from MotorsportWeek.c...
IndyCar reveals Push to Pass software failure, won't...
No description available...
21h ago from Motorsport.com
Jacob Abel set to run Indy 500 with Abel Motorsports
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
21h ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
3d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
3d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arteta personally looking to add 90m winger to his...
According to TEAMtalk, the Arsenal hierarchy is actively preparing to push...
2h ago from CaughtOffside.com
'Are you crazy?' – Arsenal fans want Luis...
There are plenty of Arsenal fans on social media who are calling for Luis...
4h ago from CaughtOffside.com
David Squires on … Manchester City, Arsenal and an...
No description available...
2h ago from TheGuardian.com
“Sorry, quick question” - Days after Man City win...
Arsenal have been the subject of mockery in England in recent weeks, and...
5h ago from SportsKeeda.com
Comments
Hottest News
The £10,000 precedent for Red Bull asking Max Verstappen...
F1 teams, for some reason, are quite protective... Read More »
1h ago from GPFans.com
Lando Norris censored by his own management in awkward...
F1 world champion Lando Norris was allegedly... Read More »
2h ago from GPFans.com
Stella reveals why McLaren’s title defence began on the...
McLaren’s 2026 Formula 1 title defence has... Read More »
1h ago from F1i.com
