News Details
Renault signs letter of intent for Lotus buyout
Renault has moved a step closer its takeover of Lotus and the return of a works Formula 1 team, after revealing that it has signed a letter of intent regarding a purchase of the outfit. Following weeks of uncertainty about the deal, and with a looming High Court appearance for Lotus on Monday brought by HMRC, the news is a huge boost to the Enstone outfit. It should allow the team and engine manufacturer the time frame it needs to put the finances of the deal in place, and herald the potential return of a works Renault outfit to F1. The statement said: "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...
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Ecclestone baffled by Renault's delay over Lotus deal
Formula 1 supremo Bernie Ecclestone says he is baffled as to why Renault...
10y ago from Motorsport.com
Renault's Lotus takeover deal still faces hurdles
Renault F1 chief Cyril Abiteboul and Lotus owner Gerard Lopez have both...
10y ago from Motorsport.com
Grosjean poised for Haas confirmation
Romain Grosjean will commit his Formula 1 future to Haas immediately after...
10y ago from Motorsport.com
Renault switch was a 'serious option' - Perez
Sergio Perez has admitted he held serious talks with Renault about...
10y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
Best wildcard performances in the MotoGP era
No description available...
13h ago from Motorsport.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
1d ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
3d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
6h ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
2d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
4d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai’s WRC season “really starts” at...
No description available...
13h ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
5d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
5d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Carra: If Arsenal beat West Ham, they win the Premier...
If Arsenal beat West Ham at the London Stadium on Sunday, live on Sky...
4h ago from SkySports.com
Mileage in Myles in midfield: why MLS must change...
I’ve been banging the drum for Myles Lewis-Skelly to move into midfield...
7h ago from FreshArsenal.com
Should Lewis-Skelly start against Atletico? I'd like...
Thierry Henry said Myles Lewis-Skelly's future lies in midfield after his...
6h ago from SkySports.com
Have Arsenal found the keys to unleash Gyokeres at the...
Viktor Gyökeres has divided opinion since arriving, but one thing is...
9h ago from FreshArsenal.com
Comments
Hottest News
Hamilton hints Ferrari might 'have the best car, but it’s...
Hamilton did not hide his disappointment after... Read More »
3h ago from F1Technical.net
Fernando Alonso identifies new Aston Martin issue amid...
Fernando Alonso has highlighted the next agenda... Read More »
8h ago from MotorsportWeek.com
F1 legend Martin Brundle reacts after bizarre microphone...
F1 legend Martin Brundle has issued his response... Read More »
6h ago from GPFans.com
