News Details

Future of Lotus in 'significant doubt' after £170m loss

The future of historic British motor marque Lotus has been called into question after the company made a £167.8m net loss in 2013 writes Christian Sylt in the Daily Telegraph.The Norfolk-based manufacturer is an official partner of the eponymous Formula One team but it does not own a stake in it. Being a partner is not the only connection between the two as Proton, the Malaysian company which owns Group Lotus, is understood to have given the team a £35m loan in 2012 so the health of the manufacturer could have consequences for F1.There is a long-standing joke in the motor industry that Lotus stands for 'Lots Of Trouble Usually Serious' and that couldn't be a better description...
Full Story »
1y ago from 0

You May Also Be Interested In...

Boullier says Lotus future is safe

Lotus insist their Formula 1 future is secure despite their decision to...
1y ago from

'Everything is fine at Lotus'

Despite opting to sit out the first pre-season test, Eric Boullier...
1y ago from

Unhappy Valsecchi might be out of Lotus

January 8th, 2013 (F1plus/GMM).- Davide Valsecchi has admitted he is...
1y ago from

Lotus to miss first pre-season test of 2014

Lotus, fourth-place finishers in the 2013 constructors’...
1y ago from

Elsewhere On The Network

Popular On

Lorenzo vows to defend Japan Prix, charge Rossi

Valentino Rossi is facing intensifying pressure from Yamaha teammate...
4h ago from

Video of the Day: Rossi flat out at ranch

No description available...
3h ago from

Lorenzo fourth on all-time MotoGP win list

Jorge Lorenzo's Aragon victory was his 39th in the MotoGP class, moving...
3h ago from

Rossi: I will have to give my all

The seven days since Aragon saw the MotoGP top three of Valentino Rossi,...
1d ago from

Popular On

Will Power honoured with Toowoomba Sprintcar race

Toowoomba Speedway has announced an event honouring local Verizon IndyCar...
3h ago from

Will Power honoured in hometown Toowoomba

The 2014 IndyCar Series champion Will Power has been honoured in his...
3h ago from

INDYCAR: Indy Lights champ Pigot looking through...

Championships have endowed Spencer Pigot’s steady progression through...
14h ago from

INDYCAR: Honda busy testing aero kit components

Honda has yet to confirm its return to IndyCar in 2016, but that hasn't...
1w ago from

Popular On

Drivers back FIA safety campaign

Crews join FIA president Jean Todt to target fans
19h ago from

What Corsica victory means to Latvala

Significance behind island success
1d ago from

Gilbert: Junior title 'a dream come true'

Frenchman sealed the title in Corsica
20h ago from

Evans' podium lift in Corsica

The Welshman and his co-driver Daniel Barritt were the surprise package...
1d ago from

Popular On

Barcelona youngster keen on £8.5m Arsenal switch

Barcelona midfielder Sergi Samper is apparently open to a move to Arsenal...
2h ago from

Ozil Admits It's A Pleasure To Be Teammate Of Mathieu...

It has been reported that Arsenal's Mesut Ozil admits it is a pleasure to...
2h ago from

Gossip: Samper, Boufal, Depoitre, Afobe

Samper wants Arsenal move, Spurs eye Boufal and Depoitre (us neither),...
30m ago from

It's an Honour: The 1990/91 campaign

In It's an Honour, featured first in the official matchday programme,...
10m ago from


comments powered by Disqus

Hottest News

Recent News

2014 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.