News Details
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus Formula One team on December 16 and pay creditors, including Britain's tax authorities, by the end of the year, the High Court heard on Monday. All parties in a protracted case brought against struggling Lotus by the Revenue and Customs authority over unpaid tax, with other creditors also represented, agreed to a further adjournment to December 21. "We are in a different territory now," a lawyer for the team told the court. "You got away with it...or rather, it has been got away with," commented the judge, Mr Justice Birss, after hearing none of the creditors objected to the adjournment that he said was...
Full Story »
Full Story »
10y ago from SuperSport.com
0
You May Also Be Interested In...
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus...
10y ago from GrandPrix247.com
Renault complete Lotus takeover
Renault have finally completed their protracted takeover of Lotus, buying...
10y ago from SkySports.com
Lotus court case postponed pending Renault purchase
The Lotus Formula 1 team's court case has been subject to a further...
10y ago from Motorsport.com
Renault announce completion of Lotus takeover; return...
Renault have re-entered Formula 1 as a constructor, following completion...
10y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
How Jorge Martin returns to action just six days after...
Despite suffering a right radius fracture in Australia, Jorge Martin is...
4h ago from MotorsportWeek.c...
MotoGP riders resigned to racing in Qatar despite...
No description available...
12h ago from Motorsport.com
Marc Marquez wary of MotoGP title rival Jorge Martin...
No description available...
13h ago from Motorsport.com
Francesco Bagnaia calls Sepang his “best chance”...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Barcelona joins 2027 IndyCar schedule in multiyear deal
No description available...
2h ago from Motorsport.com
How Spanish engineering and Álex Palou brought...
No description available...
2h ago from Motorsport.com
IndyCar veteran Sting Ray Robb secures United...
No description available...
1d ago from Motorsport.com
Josh Pierson moves up to IndyCar with AJ Foyt Racing
Josh Pierson will be a part of the 2027 IndyCar Series and will drive for...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rally US reveals further details ahead of WRC 2027...
No description available...
2d ago from Motorsport.com
Dakar Rally moves 2027 event out of Saudi Arabia; new...
No description available...
4d ago from Motorsport.com
Sesks tight-lipped on WRC future after ERC season...
No description available...
3d ago from Motorsport.com
Josh McErlean to test 2027-spec M-Sport WRC car at ERC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'One of the most extraordinary matches!- Hinchcliffe...
Speaking on the Essential EFL podcast, Andy Hinchcliffe reflects on...
2h ago from SkySports.com
Arsenal learn extent of Max Dowman punishment after...
Arsenal will be without Max Dowman for three domestic matches after an...
3h ago from SportsKeeda.com
Max Dowman to miss three games after Arsenal’s red...
t;li>Teenager was sent off for lashing out in Fleetwood defeatClub’s...
4h ago from TheGuardian.com
Comments
Hottest News
Mercedes confirm Kimi Antonelli absence as F1 stars...
Mercedes have confirmed that Kimi Antonelli will... Read More »
1h ago from GPFans.com
Max Verstappen gives telling verdict on Lewis Hamilton's F1...
Max Verstappen has commented on the potential of... Read More »
2h ago from GPFans.com
F1: Alonso stands by driving standards claim
Fernando Alonso has doubled down on comments he... Read More »
40m ago from Pitpass.com
