News Details

Lotus struggling with finances?

Troubling signs of financial weakness are emerging from Lotus. The authoritative German website motorsport-total.com reports that, although in the hunt for the 2013 title, the Genii-owned outfit is "struggling to survive" under EUR 120 million in debt. For example, although Kimi Raikkonen is second only to Sebastian Vettel in the chase for the drivers' championship, development of the 2013 car is apparently all but over. Asked also about rumours of 'money problems', leading Lotus engineer Alan Permane admitted to Auto Motor und Sport: "We have not much more in the pipeline for 2013. "What was planned has already been developed and will be used in the corresponding...
Full Story »
10y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Lotus struggling with ‘money problems'

By Editor on Tuesday, August 6, 2013 Troubling signs of financial...
10y ago from F1Zone.net

Reports of Lotus cash struggles won't go away as they...

Troubling signs of financial weakness are continuing to emerge from Lotus,...
10y ago from GrandPrix247.com

Sutil not committing his future to Force India

Adrian Sutil is refusing to commit his future to Force India with a number...
10y ago from TheF1Times.com

Lotus ready to wait for Raikkonen's call says Boullier

By Editor on Thursday, August 1, 2013 Eric Boullier has admitted Lotus is...
10y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Vinales: Aprilia COTA MotoGP win has ‘different...

Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Sebastian Ogier tops Croatia Rally shakedown

Sébastien Ogier announced his return to FIA World Rally Championship...

Popular On GunnersToday.com

Christian Falk's Fact Files – Bayern's fire sale...

This article was originally published on Fabrizio Romano’s Daily...
42m ago from CaughtOffside.com

Team News: Wolverhampton Wanderers vs. Arsenal injury,...

Sports Mole rounds up all of the latest injury and suspension news ahead...
1h ago from SportsMole.co.uk

Premier League gameweek 34: Confirmed team news and...

Sports Mole rounds up every Premier League club's confirmed team news...
4h ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.