News Details
Lotus resolves legal issue with key supplier
The prospect of the Lotus Formula 1 facing administration after legal action by a supplier has been resolved after the team came to arrangement with gearbox component manufacturer Xtrac. Xtrac had submitted a winding-up order earlier this month in an effort to retrieve unpaid monies. Lotus faced a court hearing in London today after a two-week postponement since the last hearing. However an Xtrac spokesman told Motorsport.com that the issue had been settles. "Xtrac and Lotus F1 have taken key steps to resolve the matter out of court," he said. "We look forward to continuing a positive working relationship with Lotus F1. Xtrac has no further comment for now."
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Renault could still pull out of F1 - Prost
A withdrawal from Formula 1 is still being considered by Renault, Alain...
10y ago from Motorsport.com
Media to blame for F1 driver 'robots', says Lotus
Lotus insists that it is the way modern media works, rather than teams,...
10y ago from Motorsport.com
There may be an opportunity at Lotus in 2016 –...
Jolyon Palmer says he has been told by Lotus that there could be an...
10y ago from RichlandF1.com
Lotus CEO denies Renault takeover speculation
Renault isn't taking ownership of the Lotus F1 Team and neither has it...
10y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha’s Jerez MotoGP updates improve rider feeling...
No description available...
1h ago from Motorsport.com
Aprilia opens new development path in MotoGP with...
No description available...
21m ago from Motorsport.com
Ducati believes new MotoGP upgrades will help it...
Ducati believes its latest Jerez MotoGP test upgrades should help it take...
2h ago from MotorsportWeek.c...
Aprilia stars hail performance jump in Jerez test
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly paces Day 1 of Indy 500 Open Test
No description available...
15h ago from Motorsport.com
All drivers clear Indy 500 Rookie Orientation...
IndyCar’s two-day test session for the Indianapolis 500 got underway...
19h ago from MotorsportWeek.c...
Rookies take on Indianapolis in open test, Newgarden...
No description available...
18h ago from Motorsport.com
Arrow McLaren has "no fear" in running all...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Dani Sordo brings "different ideas" to...
No description available...
3h ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
2d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
2d ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Deal progressing: PSG have 'intensified' efforts to...
Paris Saint-Germain reportedly seem to be making progress on a potential...
1h ago from CaughtOffside.com
Andrea Berta talked Mikel Arteta into Arsenal transfer...
Arsenal director Andrea Berta was reportedly the key driving force behind...
2h ago from CaughtOffside.com
Arsenal eye Premier League-proven 28-G/A star after...
Arsenal are interested in signing the Atletico Madrid striker Julian...
1h ago from CaughtOffside.com
Henry is hoping Arsenal boss Arteta sticks to his...
Arsenal prepare to lock horns with Atletico Madrid in a blockbuster...
3h ago from CaughtOffside.com
Comments
Hottest News
The potential cancellation threat looming over F1 Miami GP
The 2026 Formula 1 Miami Grand Prix is at risk... Read More »
51m ago from MotorsportWeek.com
Brundle sees ‘big step forward’ for Ferrari and...
This weekend’s Miami Grand Prix is shaping up... Read More »
2h ago from F1i.com
Silverstone offers to host additional F1 race in 2026
Silverstone have offered to step in and host an... Read More »
2h ago from GPFans.com
