News Details
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team is facing legal trouble in the wake of a winding-up petition from a group of creditors that includes gearbox component supplier Xtrac. A hearing at Companies Court in London that was scheduled for Monday was adjourned for two weeks in order to give the parties further time to talk. If there is no resolution, then there is a risk at the future hearing of Lotus being put into administration, which would cast doubts over its future. Adjournment Xtrac has made it clear that it is eager to continue its relationship with Lotus, but only if outstanding debts are paid. "The judge has adjourned the hearing for two weeks," an Xtrac spokesman told Motorsport.com....
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Mark Webber lifts lid on Vettel relationship
British Grand Prix – Mark Webber has shed new light on his...
10y ago from FormulaSpy.com
Lotus preview the British GP
Lotus preview the British GP Fresh from scoring in back-to-back races,...
10y ago from PlanetF1.com
Arrivabene: I don't want to discuss Raikkonen's future
Kimi Raikkonen's future at Ferrari remains an unknown, with Ferrari team...
10y ago from GrandPrixTimes.com
Hamilton expecting hard weekend at home
Lewis Hamilton does not expect Mercedes team-mate – and F1 title rival...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Sealing Czech GP win "the longest six laps of the...
No description available...
5h ago from Motorsport.com
Pedro Acosta demands answers from KTM after Czech GP...
No description available...
6h ago from Motorsport.com
Jorge Martin: I hope Aprilia defends me in the same...
No description available...
6h ago from Motorsport.com
Marco Bezzecchi feeling “s**t” after marshal...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard wins IndyCar thriller at Road...
No description available...
2h ago from Motorsport.com
Late mechanical issue costs Marcus Armstrong shot at...
No description available...
40m ago from Motorsport.com
Christian Lundgaard takes surprise IndyCar win at Road...
The NTT IndyCar Series took to the famous Road America road course on...
1h ago from MotorsportWeek.c...
IndyCar Road America – Race Results
Qualifying for the NTT IndyCar Series was held Saturday afternoon, with...
1h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Missing out on Ferrari F1 drive felt like...
No description available...
12h ago from Motorsport.com
Vital step made towards USA return on 2027 WRC calendar
No description available...
2d ago from Motorsport.com
FIA president sets timeline to announce new WRC...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera ready to resume motorsport career...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Declan Rice reveals he has played through hamstring...
t;li>Midfielder says schedule ‘obscene’ for club and countryBut...
6h ago from TheGuardian.com
'Not going to find somebody better' - Patrick Vieira...
France legend Patrick Vieira has lavished praise on England forward Noni...
6h ago from SportsKeeda.com
'I'm not at 100 per cent' - Arsenal star admits he is...
Arsenal star William Saliba has revealed that he is playing through...
8h ago from SportsKeeda.com
The independent/unofficial ‘Arsenal win the...
Folks, I'm not sure if you're aware, but Arsenal won the league! We are...
11h ago from Arseblog.com
Comments
Hottest News
Mercedes Battery Fix Threatens Lewis Hamilton's F1...
Lewis Hamilton's dream of claiming a... Read More »
3h ago from Formula1News.co.uk
Williams F1 boss claims Albon and Sainz would tell him if...
Williams F1 team principal James Vowles has made... Read More »
1h ago from GPFans.com
Lewis Hamilton's title chances take hit as Mercedes find...
Lewis Hamilton's hopes of getting his hands on an... Read More »
4h ago from GPFans.com
