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Lotus F1 team have winding-up petition adjourned
A winding-up petition brought by creditors against the Lotus Formula 1 team has been adjourned for two weeks. A spokeswoman for the Companies Court in London said on Monday that the claim against the Enstone-based team, title winners in a previous existence as Benetton and Renault, would be heard on July 20. Lotus, who now race with Mercedes engines, have had financial problems although the signing of Venzuelan Pastor Maldonado has brought considerable backing from state oil company PDVSA. The team's chief executive Matthew Carter says Lotus are not for sale despite persistent paddock speculation linking them to Renault. Carter told is adamant the case would have no bearing on their...
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