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
Jack Miller: Yamaha are ‘busting their arses' on...
Pramac rider Jack Miller has seen first-hand the efforts of Yamaha on its...
4h ago from MotorsportWeek.c...
Pramac becomes first MotoGP team to reveal 2026 livery
No description available...
30m ago from Motorsport.com
Pramac Yamaha unveils 2026 MotoGP livery
Pramac Yamaha has officially unveiled its striking new livery on the...
20m ago from MotorsportWeek.c...
‘Super talented’ MotoGP rookie Diogo Moreira...
Pedro Acosta believes “super talented” rookie Diogo Moreira has the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Escotto confirmed by Juncos Hollinger Racing for 2026...
No description available...
1h ago from Motorsport.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
3d ago from Motorsport.com
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
5d ago from MotorsportWeek.c...
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2026, Stage 9: Ford takes 1-2 in overall...
No description available...
7h ago from Motorsport.com
How Elfyn Evans plans to finally achieve rallying’s...
No description available...
5h ago from Motorsport.com
Naturally-aspirated V8: What Ford is doing differently...
No description available...
1d ago from Motorsport.com
How did WRC champion Kalle Rovanpera’s single-seater...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta provides injury update on 4 key Arsenal...
Arsenal manager Mikel Arteta has spoken to the press about the fitness of...
1h ago from SportsKeeda.com
Chelsea vs Arsenal Prediction and Betting Tips | 14th...
The EFL Cup is back in action with another set of matches this week as...
1h ago from SportsKeeda.com
Arteta to change Arsenal star's position to...
Arsenal manager Mikel Arteta could reportedly change Myles Lewis-Skelly's...
4h ago from CaughtOffside.com
Every word of Mikel Arteta's pre-Chelsea vs Arsenal...
Arsenal manager Mikel Arteta gave his press conference ahead of the...
3h ago from CaughtOffside.com
Comments
Hottest News
Cadillac pulls the covers off bold monochrome look for F1...
The wait is nearly over, and Cadillac is making... Read More »
3h ago from F1i.com
Ford draws the line: F1 ambitions not dependent on...
When Ford announced its return to the pinnacle of... Read More »
50m ago from F1i.com
Ford delivers telling update on supposed Red Bull power...
Ford Global Director Mark Rushbrook has poured... Read More »
1h ago from MotorsportWeek.com
