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
Unravelling Fabio Di Giannantonio's crashes at the...
No description available...
9h ago from Motorsport.com
Rivals block KTM request to open up engines amid...
No description available...
14h ago from Motorsport.com
Where Marc Marquez ranks his Sachsenring MotoGP victory
After taking his 102nd career victory, Marc Marquez believes his...
15h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
President Donald Trump meets with IndyCar drivers in...
No description available...
5h ago from Motorsport.com
IndyCar video game delayed until 2027
iRacing and IndyCar have announced more details surrounding the upcoming...
3d ago from MotorsportWeek.c...
iRacing’s standalone IndyCar game now has a name and...
No description available...
3d ago from Motorsport.com
Winners and losers from the IndyCar race at Mid-Ohio
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Arvid Lindblad keen on rally future post-F1 after...
No description available...
10h ago from Motorsport.com
Toyota customer teams line up for new 2027 WRC car
No description available...
3d ago from Motorsport.com
Rome completes key milestone in pursuit of 2027 WRC...
No description available...
3d ago from Motorsport.com
Lancia turn to Martins Sesks, Teemu Suninen to help...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Fabrizio Romano confirms Arsenal authorisation to seal...
Leandro Trossard is expected to join Turkish club Besiktas from Arsenal...
3h ago from CaughtOffside.com
Arsenal’s blockbuster move thrown into doubt after...
Bruno Guimaraes has been heavily linked with a move to Arsenal this...
7h ago from CaughtOffside.com
Report: Arsenal set to sell two first team players,...
Arsenal look set to kick off the reshaping of Mikel Arteta's squad this...
8h ago from FreshArsenal.com
Premier League club pushing to sign Argentina's FIFA...
Premier League giants Arsenal are reportedly pushing to sign Argentina's...
16h ago from SportsKeeda.com
Comments
Hottest News
F1MATHS: What do the numbers reveal about Ferrari's...
Ferrari's 2026 Formula One campaign has so far... Read More »
1h ago from F1Technical.net
Red Bull designer 'always looks stressed' as Max Verstappen...
Being a fly on the wall at any F1 team, at any... Read More »
3h ago from GPFans.com
Kim Kardashian shares adorable selfie with Lewis Hamilton...
F1's greatest power couple is officially back... Read More »
4h ago from GPFans.com
