News Details
Renault to buy controlling stake in troubled Lotus
French car maker Renault on Monday announced it would buy a majority stake in the financially stretched Lotus Formula 1 motor racing team in a move that could allow it return as a team in time for the 2016 season. Lotus, one of the sport's iconic names and the team that won world championships with Michael Schumacher and Fernando Alonso in previous guises of Benetton and Renault, are hoping to be rescued by Renault. "Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii Capital SA, are pleased to announce the signature of a letter of intent regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team Ltd," Renault said in a statement....
Full Story »
Full Story »
10y ago from SuperSport.com
0
You May Also Be Interested In...
Renault edges closer to Lotus takeover
Lotus F1 Team Renault has edged closer to a full-scale Formula 1 return...
10y ago from F1Zone.net
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
10y ago from SpeedCafe.com
Renault signs letter of intent for Lotus takeover
Renault's takeover of Lotus has taken a step forward after the French...
10y ago from RichlandF1.com
Renault signs letter of intent to buy Lotus F1 Team
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
10y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP circuit contracts: How long will each race...
No description available...
21h ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
1d ago from Motorsport.com
Pedro Acosta: “Forgetting about the championship”...
No description available...
1d ago from Motorsport.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
5d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
1d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
2d ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal vs Brighton Prediction and Betting Tips |...
Arsenal lock horns with Brighton & Hove Albion in the 18th round of games...
2h ago from SportsKeeda.com
Chelsea and Arsenal leading race to sign French...
Arsenal and Chelsea are reportedly leading the race to sign Darryl Bakola...
1h ago from SportsKeeda.com
A little bit of nothing
Morning everyone. I hope you had a lovely day yesterday, whether you do...
1h ago from Arseblog.com
Sources: Chelsea are joined by Arsenal in the race to...
Marseille’s highly rated teenage midfielder Darryl Bakola has rapidly...
3h ago from CaughtOffside.com
Comments
Hottest News
Wolff insists Mercedes' 2026 situation not comparable to...
Toto Wolff is not experiencing the positive... Read More »
1h ago from GrandPrix247.com
Top five richest drivers in F1 history
F1 drivers are some of the highest-paid athletes... Read More »
1h ago from RacingNews365.com
Verstappen expands GT ambitions with Mercedes-AMG...
Max Verstappen’s GT outfit – Verstappen... Read More »
1h ago from F1i.com
