News Details
Lotus resolves legal issue with key supplier
The prospect of the Lotus Formula 1 facing administration after legal action by a supplier has been resolved after the team came to arrangement with gearbox component manufacturer Xtrac. Xtrac had submitted a winding-up order earlier this month in an effort to retrieve unpaid monies. Lotus faced a court hearing in London today after a two-week postponement since the last hearing. However an Xtrac spokesman told Motorsport.com that the issue had been settles. "Xtrac and Lotus F1 have taken key steps to resolve the matter out of court," he said. "We look forward to continuing a positive working relationship with Lotus F1. Xtrac has no further comment for now."
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Renault could still pull out of F1 - Prost
A withdrawal from Formula 1 is still being considered by Renault, Alain...
10y ago from Motorsport.com
Media to blame for F1 driver 'robots', says Lotus
Lotus insists that it is the way modern media works, rather than teams,...
10y ago from Motorsport.com
There may be an opportunity at Lotus in 2016 –...
Jolyon Palmer says he has been told by Lotus that there could be an...
10y ago from RichlandF1.com
Lotus CEO denies Renault takeover speculation
Renault isn't taking ownership of the Lotus F1 Team and neither has it...
10y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
7h ago from MotorsportWeek.c...
Marc Marquez admits ‘my body will force me to retire...
No description available...
7h ago from Motorsport.com
Honda completes another test with 2027 bike as Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
2d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
2d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
1h ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
6h ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
8h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Nottingham Forest v Arsenal: Premier League – live
Premier League updates from the 5.30pm GMT kick-off<br>⚽ <a...
1h ago from TheGuardian.com
“One of the best news of this weekend”, “King is...
Arsenal fans are delighted to see Cristhian Mosquera included in the...
1h ago from SportsKeeda.com
Nottingham Forest vs Arsenal preview: Gunners can go...
No description available...
3h ago from SkySports.com
'Seen as inevitable' – Worrying Arsenal update...
Arsenal manager Mikel Arteta is reportedly attracting interest from big...
5h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Lewis Hamilton all smiles after Ferrari...
A former FIA steward has suggested that former... Read More »
1h ago from GPFans.com
Helmut Marko settles rumour about Max Verstappen Red Bull...
Helmut Marko agreed to Max's contract, so he... Read More »
53m ago from RacingNews365.com
Russell reveals the 'big' contract request that Mercedes...
In the world of driver contract negotiations,... Read More »
3h ago from F1i.com
