News Details
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus Formula One team on December 16 and pay creditors, including Britain's tax authorities, by the end of the year, the High Court heard on Monday. All parties in a protracted case brought against struggling Lotus by the Revenue and Customs authority over unpaid tax, with other creditors also represented, agreed to a further adjournment to December 21. "We are in a different territory now," a lawyer for the team told the court. "You got away with it...or rather, it has been got away with," commented the judge, Mr Justice Birss, after hearing none of the creditors objected to the adjournment that he said was...
Full Story »
Full Story »
10y ago from SuperSport.com
0
You May Also Be Interested In...
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus...
10y ago from GrandPrix247.com
Renault complete Lotus takeover
Renault have finally completed their protracted takeover of Lotus, buying...
10y ago from SkySports.com
Lotus court case postponed pending Renault purchase
The Lotus Formula 1 team's court case has been subject to a further...
10y ago from Motorsport.com
Renault announce completion of Lotus takeover; return...
Renault have re-entered Formula 1 as a constructor, following completion...
10y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP legend shares how ‘different level’ Marc...
Five-time 500cc champion Mick Doohan believes the way Marc Marquez...
21h ago from MotorsportWeek.c...
Fabio Quartararo staying “a little bit out” of...
No description available...
23h ago from Motorsport.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
1d ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
How to watch IndyCar 2026 at Long Beach: Weekend...
No description available...
21h ago from Motorsport.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
1d ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
1d ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
1d ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
3d 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...
4d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Manchester City dealt injury blow ahead of crucial...
Manchester City have reportedly been dealt the blow that Ruben Dias will...
27m ago from CaughtOffside.com
Antoine Semenyo makes feelings clear about Manchester...
Antoine Semenyo has sent a strong warning ahead of the upcoming Premier...
2h ago from SportsKeeda.com
Man United join Premier League rivals Arsenal in race...
Manchester United’s midfield has been crying out for a massive...
1h ago from CaughtOffside.com
Confirmed: Bayern Munich hold genuine interest in...
Newcastle United winger Anthony Gordon is reportedly attracting serious...
1h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen breaks his silence on Gianpiero Lambiase Red...
Four-time F1 world champion Max Verstappen has... Read More »
57m ago from GPFans.com
Calm Ferrari could be hiding ‘something' for Miami
Apr.17 Former Formula 1 driver Franck Montagny... Read More »
2h ago from OneStopStrategy.com
Max Verstappen responds to Gianpiero Lambiase's shock...
Max Verstappen has broken his silence over F1... Read More »
1h ago from MotorsportWeek.com
