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Lotus chief claims financial solution has been found
The Lotus racing chief Matthew Carter said he is confident that the Formula 1 team can reach a new accord with creditors after new court action started. The Lotus name was on a list of companies for a winding-up order at a London commercial court on Monday. But the case was adjourned until July 20 to give time for an accord. Lotus have scored 29 points and are sixth in the constructors' rankings so far and chief executive Carter told media that the team's future was not threatened. 'A number of suppliers are feeling a little negative because of what happened to Caterham and Marussia, and they felt they had to go down this process,' he said, adding that some creditors had already made...
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