News Details
Renault to pay Lotus debts by end of year
French carmaker Renault aims to complete its takeover of the Lotus Formula 1 team on 16 December 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 21 December. '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 clearly in the...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault are back in F1 as full works team
Renault will return to Formula 1 as a constructor next year after...
10y ago from GrandPrix247.com
Analysis: Is Renault deal first salvo in new Concorde...
As the F1 world awaits a decision from Renault on its F1 future, it has...
10y ago from Motorsport.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 Ducati sent a warning to its MotoGP rivals at...
No description available...
1h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
2h ago from Motorsport.com
Francesco Bagnaia signals factory-team priority as...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
14h ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
20h ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
20h ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
19h ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Former Arsenal star hits back at Chelsea boss Liam...
Former Arsenal striker Jay Bothroyd has hit back at Chelsea manager Liam...
2h ago from CaughtOffside.com
Boost for Arsenal as expert rules out one rival in...
Arsenal fans may be relieved to hear that there's seemingly no truth to...
3h ago from CaughtOffside.com
Expert explains why Arsenal transfer fell through but...
Bayern Munich midfielder Leon Goretzka feels his style of play would be...
4h ago from CaughtOffside.com
“I asked them, maybe not politely” - Liam Rosenior...
Chelsea boss Liam Rosenoir deemed an Arsenal support staff enroaching...
5h ago from SportsKeeda.com
Comments
Hottest News
George Russell identifies unique hack to driving 2026 F1...
George Russell has identified a unique hack on... Read More »
1h ago from MotorsportWeek.com
F1 insider reveals the one condition that will see Lewis...
Lewis Hamilton's chances of a Ferrari exit in... Read More »
1h ago from GPFans.com
Ayao Komatso is not satisfied with Esteban Ocon's sporting...
Haas F1 Team boss Ayao Komatsu did not mince his... Read More »
2h ago from GrandPrix247.com
