News Details
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team is facing legal trouble in the wake of a winding-up petition from a group of creditors that includes gearbox component supplier Xtrac. A hearing at Companies Court in London that was scheduled for Monday was adjourned for two weeks in order to give the parties further time to talk. If there is no resolution, then there is a risk at the future hearing of Lotus being put into administration, which would cast doubts over its future. Adjournment Xtrac has made it clear that it is eager to continue its relationship with Lotus, but only if outstanding debts are paid. "The judge has adjourned the hearing for two weeks," an Xtrac spokesman told Motorsport.com....
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Mark Webber lifts lid on Vettel relationship
British Grand Prix – Mark Webber has shed new light on his...
10y ago from FormulaSpy.com
Lotus preview the British GP
Lotus preview the British GP Fresh from scoring in back-to-back races,...
10y ago from PlanetF1.com
Arrivabene: I don't want to discuss Raikkonen's future
Kimi Raikkonen's future at Ferrari remains an unknown, with Ferrari team...
10y ago from GrandPrixTimes.com
Hamilton expecting hard weekend at home
Lewis Hamilton does not expect Mercedes team-mate – and F1 title rival...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez hopes to race in MotoGP German GP...
No description available...
6h ago from Motorsport.com
Jorge Martin set for private MotoGP test following...
No description available...
1d ago from Motorsport.com
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
4d ago from MotorsportWeek.c...
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
1w ago from MotorsportWeek.c...
Popular On IndyCarToday.com
How Scott Dixon pulled off another fuel-saving...
No description available...
6h ago from Motorsport.com
Scott Dixon bet on two stop strategy after he saw...
Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...
1d ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
2d ago from MotorsportWeek.c...
Alex Palou chooses to view costly Mid-Ohio mistake as...
Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC legend Juha Kankkunen to drive hydrogen Toyota...
No description available...
12h ago from Motorsport.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
4d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Liverpool join three-way race with title rivals to...
Liverpool are reportedly interested in signing the Real Madrid attacker...
3h ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Los Blancos admire...
Real Madrid are putting together final preparations ahead of their FIFA...
3h ago from SportsKeeda.com
Report: Arsenal preparing player plus cash bid to sign...
Arsenal are intensifying their pursuit of Crystal Palace playmaker...
7h ago from FreshArsenal.com
Matter of when, not if: Arsenal confident of landing...
Arsenal are looking to wrap up the signing of Viktor Gyokeres from...
7h ago from CaughtOffside.com
Comments
Hottest News
George Russell regrets 'wrong' Mercedes decisions as...
Mercedes F1 star George Russell has revealed his... Read More »
3h ago from GPFans.com
Colapinto to be dropped by Alpine after Silverstone...
The shooting star that was Formula 1's talk of... Read More »
2h ago from GrandPrix247.com
Ben Sulayem: 100% sure FOM will approve a 12th Formula 1...
Formula 1 fans have been crying out for more... Read More »
1h ago from GrandPrix247.com
