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Renault edges closer to Lotus takeover
Lotus F1 Team Renault has edged closer to a full-scale Formula 1 return after signing a letter of intent to claim a controlling stake in the Lotus team. Renault has been heavily linked to a takeover of the Enstone-based squad and has now confirmed that is working on a return ahead of the 2016 campaign. "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 Intent regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team Ltd," read a statement. "The signature of this Letter of Intent marks Renault’s first step towards the project of a Renault Formula 1 team from the...
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11y ago from F1Zone.net
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