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
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
19h ago from MotorsportWeek.c...
Ducati: Resurgent Francesco Bagnaia back to his...
No description available...
19h ago from Motorsport.com
Why Toprak Razgatlioglu is slower than he expected
No description available...
22h ago from Motorsport.com
Ducati still favourite after MotoGP Sepang test, but...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Sebring test Day 1: Alex Palou tops the speed...
No description available...
9h ago from Motorsport.com
Kyle Kirkwood: Andretti “not too far off” from...
No description available...
17h ago from Motorsport.com
McLaren eyes Fernando Alonso reunion to complete...
Zak Brown has said he will "continue to bug" Fernando Alonso to...
2d ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
4d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
6d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Manchester United and Arsenal interested in signing...
Manchester United and Arsenal are reportedly interested in former Chelsea...
55m ago from SportsKeeda.com
Man United & Arsenal target is interested in a...
Sandro Tonali’s future is attracting attention ahead of the summer...
2h ago from CaughtOffside.com
Past, present, future …
Morning everyone. I see there's a Dennis Bergkamp interview with Ian...
2h ago from Arseblog.com
Chelsea ‘advancing' in talks to sign striker who...
Chelsea are stepping up their pursuit of Julián Álvarez, with fresh...
2h ago from CaughtOffside.com
Comments
Hottest News
Alonso admits Newey's Aston ‘definitely behind'
Feb.10 Fernando Alonso has openly conceded that... Read More »
2h ago from OneStopStrategy.com
F1 News Today: Adrian Newey raises eyebrows as FIA engine...
Adrian Newey's first Aston Martin F1 car design... Read More »
3h ago from GPFans.com
Christian Horner F1 return takes McLaren twist as new talks...
Christian Horner's return to F1 has reportedly... Read More »
2h ago from GPFans.com
