News Details
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team has been given two weeks to reach an agreement with creditors after a winding-up petition was adjourned. Lotus Formula 1 Ltd featured on a winding-up list of the Companies Court on Monday with the hearing delayed until July 20 by judge Mr Registrar Briggs. If the team is unable to come to an agreement with its creditors there is a chance the outfit would be placed into administration. The Enstone operation, currently sixth in the constructor standings, has faced financial struggles in recent seasons. Despite facing a winding-up petitions, Lotus CEO Matthew Carter is confident the team will resolve the issue it has with its creditors. Gearbox manufacturer Xtrac has...
Full Story »
Full Story »
10y ago from SpeedCafe.com
0
You May Also Be Interested In...
Lotus winding-up petition postponed
– A winding-up petition against Lotus has been adjourned for two...
10y ago from GPUpdate.net
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team is facing legal trouble in the wake of a...
10y ago from Motorsport.com
Business as usual for Lotus
A number of creditors, clearly concerned by the demise of Caterham and...
10y ago from Pitpass.com
Lotus winding-up hearing postponed by High Court
Lotus has been able to postpone a winding-up hearing for two weeks after...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez sets the pace in first Brno MotoGP...
Marc Marquez picked up where he left off in Hungary by setting the...
1h ago from MotorsportWeek.c...
MotoGP’s own ‘Concorde Agreement’ is now official
No description available...
1h ago from Motorsport.com
The story behind the viral, awkward encounter between...
No description available...
3h ago from Motorsport.com
Raul Fernandez recovers from appendicitis in time for...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar to reduce hybrid power limits for remainder of...
For the remainder of the 2026 season, IndyCar will reduce the hybrid...
20h ago from MotorsportWeek.c...
Scott McLaughlin targets Road America breakthrough...
No description available...
18h ago from Motorsport.com
The blueprint of grit: How James Roe is grinding...
No description available...
1d ago from Motorsport.com
2024 IndyCar Rookie of the Year to serve as Honda...
Honda Racing Corporation US has announced that Linus Lundqvist has been...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA president sets timeline to announce new WRC...
No description available...
21h ago from Motorsport.com
Kalle Rovanpera ready to resume motorsport career...
No description available...
3d ago from Motorsport.com
Revised gravel tyre set for WRC debut in Greece
No description available...
3d ago from Motorsport.com
Sebastien Loeb to make traditional stage rallying...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Deal close: Wonderkid one step away from Arsenal move...
Arsenal are reportedly one step away from signing Leicester City wonderkid...
1h ago from CaughtOffside.com
Premier League 2026/27 fixtures release day LIVE!
No description available...
3h ago from SkySports.com
Premier League Fixtures 2026/27: Liverpool's tricky...
The 2026/27 Premier League campaign is scheduled to kick off on Saturday,...
2h ago from CaughtOffside.com
Arsenal fixtures: Gunners begin title defence live on...
Premier League champions Arsenal will begin their title defence against...
2h ago from SkySports.com
Comments
Hottest News
Audi snapped testing F1 car as new ADUO engine set for...
Audi F1 team have taken to the track at their... Read More »
1h ago from GPFans.com
Max Verstappen 'freak' behaviour caused tension with...
Dutch racer Renger van der Zande has described... Read More »
36m ago from GPFans.com
Verstappen camp signals imminent call on Red Bull future
The Formula 1 paddock may not have to wait much... Read More »
56m ago from F1i.com
