Lotus F1
Renault’s Lotus takeover drags on, as Red Bull confirm engine deal for 2016
French automotive manufacturer Renault has today (Friday) said an announcement regarding its long-mooted takeover of Formula One team Lotus is expected to be made next week, as Red Bull Racing confirmed it has an engine deal in place that will allow it to compete in the motor racing championship next season.
Renault steps in to stave off administration threat for Lotus
French automotive manufacturer Renault is set to return to full-works status in the Formula One motor racing championship after announcing it intends to acquire a controlling stake in the financially embattled Lotus team.
Lotus F1 plays down winding-up order
Matthew Carter, chief executive of the Lotus Formula One team, has played down fears that a winding-up petition could pose a threat to the future of the motor-racing outfit.
Formula One addresses cash concerns of smaller teams
Formula One chief executive Bernie Ecclestone has offered advance revenue payments to Sauber, Force India and Lotus to aid cash flow problems at the motor racing teams ahead of the start of the 2015 season next week.
Losses widen for Formula One’s Lotus
Formula One team Lotus has seen its losses widen for the year ending December 31, 2013, but has announced it is in talks with several parties over a “long term” title sponsorship deal.
Lotus F1 and Renault renew engine partnership
Formula One motor racing team Lotus has confirmed an extension of its chassis-engine partnership with French automotive group Renault.
Smartphone producer takes stake in Lotus F1
The Yota Devices has acquired a minority stake in Lotus as part of an agreement that will guarantee the smartphone manufacturer branding exposure on the Formula One team’s cars.
Lotus’ F1 future secure despite end of Quantum talks – Lopez
Formula One team Lotus has confirmed that talks have ended with potential investor Quantum Motorsport, but chairman Gerard Lopez has maintained the motor racing outfit’s financial future is secure.
Lotus F1 stages management reshuffle
Patrick Louis has stepped down as chief executive of Lotus as part of a senior management reshuffle at the leading Formula One motor racing team, according to the Autosport website.
Lotus owners sell 35% stake
Genii Capital, owner of Formula One's Lotus F1 Team, has sold a 35% stake to investment consortium Infinity Racing.