News Details
Lotus struggling with ‘money problems'
By Editor on Tuesday, August 6, 2013 Troubling signs of financial weakness are emerging from Lotus.
The authoritative German website motorsport-total reports that, although in the hunt for the 2013 title, the Genii-owned outfit is 'struggling to survive' under EUR 120 million in debt.
For example, although Kimi Raikkonen is second only to Sebastian Vettel in the chase for the drivers' championship, development of the 2013 car is apparently all but over.
Asked also about rumours of ‘money problems', leading Lotus engineer Alan Permane admitted to Auto Motor und Sport: 'We have not much more in the pipeline for 2013.
'What was planned has already been developed and will be used in the...
Full Story »
Full Story »
12y ago from F1Zone.net
0
You May Also Be Interested In...
Vettel prefers Raikkonen to Alonso
Sebastian Vettel says he would rather have Kimi Raikkonen as his team-mate...
12y ago from espnF1.com
F1 2013 – Raikkonen offered Ferrari seat for 2014
Despite Lotus and Red Bull stating an interest in Kimi Raikkonen for next...
12y ago from F1.co.uk
Vettel prefers Kimi to Alonso
Given a choice between Kimi Raikkonen and Fernando Alonso as his next...
12y ago from PlanetF1.com
Boullier: Raikkonen deserves 10 out of 10
Lotus team principal Eric Boullier says Kimi Raikkonen deserves 10 out of...
12y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Adelaide bids to host MotoGP’s first-ever street...
No description available...
6h ago from Motorsport.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
1d ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
1d ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou, Chip Ganassi awarded Baby Borgs in...
No description available...
57m ago from Motorsport.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
16h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
16h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
2d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
3d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
3d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Report: Tottenham star could complete surprise...
Tottenham striker Richarlison is reportedly a transfer target for Atletico...
3h ago from CaughtOffside.com
'One of the only ones in that dressing room who has...
Rio Ferdinand has backed Gabriel Jesus to be a critical player for Arsenal...
3h ago from SportsKeeda.com
Manchester United overtake Arsenal & Barcelona in...
Manchester United now reportedly look to be leading the race for the...
3h ago from CaughtOffside.com
Every Premier League free agent this summer, featuring...
We've got a list of every free agent who'll be on the market this summer...
5h ago from CaughtOffside.com
Comments
Hottest News
F1 Testing Results: Bahrain timesheets - Ferrari go fastest...
The second week of F1 testing at the Bahrain... Read More »
5h ago from GPFans.com
F1: Test Times: Bahrain 18-02
Today's times from Manama, the first day of the... Read More »
47m ago from Pitpass.com
Russell starts final F1 test strongly as Hamilton suffers...
George Russell was fastest for Mercedes on the... Read More »
47m ago from SkySports.com
