News Details
Renault announces 'letter of intent' ahead of Lotus hearing
Renault has announced it has signed a letter of intent to buy a controlling stake in the Lotus F1 team, on the morning of the team's High Court appearance with the threat of administration still a possibility. The French manufacturer has confirmed it has made the 'first steps' in taking over the team for the 2016 Formula 1 season and the deal is expected to be completed in the next couple of weeks. “Renault Group and Gravity Motorsports 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,” a statement from Renault read. “The signature of this letter of intent marks Renault's first step...
Full Story »
Full Story »
You May Also Be Interested In...
Lotus: Renault signs Letter of Intent
As Lotus heads to the High Court in London, Renault issued a Letter of...
10y ago from Pitpass.com
Breaking News: Done deal as Renault buy Lotus
Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii...
10y ago from GrandPrix247.com
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 answers Lotus' call with buyout
The will they or won't they buy Lotus saga is coming to an end with...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
4h ago from Motorsport.com
Jerez hosts three days of private MotoGP testing with...
No description available...
1h ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
1d ago from Motorsport.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
1h ago from MotorsportWeek.c...
Pit stop mishap hinders Mick Schumacher in oval debut
No description available...
1d ago from Motorsport.com
Complete IndyCar championship standings after Phoenix
No description available...
1d ago from Motorsport.com
Single-car pole qualifying announced for inaugural...
The NTT IndyCar Series has made an adjustment to the qualifying...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
3d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
6d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“I don’t care if he’s happy or unhappy” -...
Former Arsenal winger Perry Groves has criticized Mikel Arteta for sending...
43m ago from SportsKeeda.com
'He's dangerous for society' – Patrice Evra labels...
Manchester United legend Patrice Evra has suggested that former Arsenal...
23m ago from SportsKeeda.com
Why do so many people want Arsenal to fail in the...
leaders haven’t won the title in more than 20 years. Yet very few...
1h ago from TheGuardian.com
Gabriel Martinelli reveals what gives Arsenal...
Gabriel Martinelli has opened up about Arsenal's pursuit of their maiden...
2h ago from SportsKeeda.com
Comments
Hottest News
F1MATHS: Telemetry shows where Mercedes' enormous advantage...
The first qualifying session of the 2026 Formula... Read More »
9h ago from F1Technical.net
Mercedes end 42-year F1 drought
On this day, March 9, in 1997, Mercedes-Benz won... Read More »
1h ago from RacingNews365.com
Hamilton backs Ferrari 'in fight' with Mercedes
MELBOURNE, Australia -- Lewis Hamilton is... Read More »
53m ago from espnF1.com
