News Details

Lotus admits Renault talks taking place

Lotus has finally admitted it is in talks to be bought out by Renault. The Enstone team arrived at the Hungaroring amid a dispute with tyre supplier Pirelli, as it emerged that a $500,000 payment to the Italian marque was overdue. 'We had a problem with the bank transfer,' insisted deputy team boss Federico Gastaldi. 'We are not so crazy that we will make the trip from the UK to Hungary without having the money for tyres.' 'It was just bad timing. In this situation there is a lot of talk but it's a waste of time to have to refute all the rumours,' he is quoted by Speed Week. Gastaldi, however, cannot deny completely that Lotus is struggling financially, as another disgruntled supplier,...
Full Story »
10y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Lotus cleared to run after tyre wait

Lotus has been given the green light to run in opening practice for the...
10y ago from Motorsport.com

Lotus: A problem with the money

The Lotus Formula 1 team blamed a banking technicality for a delay in...
10y ago from GrandPrix247.com

Late payment delays Lotus' tyre delivery

Hungarian Grand Prix – A payment delay has resulted in a late...
10y ago from FormulaSpy.com

Lotus boss says F1 drivers are not robots

Teams and sponsors are not to blame if modern Formula 1 drivers mask...
10y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Will Power compares ‘military-like’ Andretti to...

When Will Power signed a contract to join Andretti Global for the 2026...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Liverpool, Man Utd & Chelsea hold firm...

Liverpool, Manchester United, and Chelsea are reportedly all keeping a...
1h ago from CaughtOffside.com

It's non-stop, there's no escape

Morning all. Why does everything beep these days? You know the way there...
2h ago from Arseblog.com

Arsenal plot 35M raid for one of Brazil's brightest...

Arsenal are looking to sign a quality right back in the summer, and they...
15h ago from CaughtOffside.com

Liverpool eye key replacement as Arsenal & Man...

Arsenal, Manchester United and Liverpool are reportedly interested in...
14h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.