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 Pitpass.com 0
Share

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 BBC.co.uk

'Everything is fine at Lotus'

Despite opting to sit out the first pre-season test, Eric Boullier...
1y ago from PlanetF1.com

Unhappy Valsecchi might be out of Lotus

January 8th, 2013 (F1plus/GMM).- Davide Valsecchi has admitted he is...
1y ago from F1Plus.com

Lotus to miss first pre-season test of 2014

Lotus, fourth-place finishers in the 2013 constructors’...
1y ago from Formula1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Aprilia unveil RS-GP MotoGP contender

Aprilia officially unveiled their 2015 MotoGP bike today in Italy with...

Fausto Gresini on ‘exciting’ new Aprilia adventure

<p> New Aprilia factory team manager Fausto Gresini talks...
1h ago from MotoGP.com

One rider team excites Redding

Scott Redding will be the only rider for the team in the premier class as...
2h ago from MotoGP.com

Aprilia reveals Melandri, Bautista MotoGP colours

Aprilia, making its factory return to MotoGP this season, has unveiled...
9h ago from Crash.net

Popular On IndyCarToday.com

IndyCar: Primary sponsor for Hinchcliffe's SPM entry...

Schmidt Peterson Motorsports has announced that Denver-based technology...
6h ago from Racer.com

IndyCar: Teams take delivery of aero kits ahead of...

Teams aligned with either Chevrolet or Honda have taken delivery of the...
1d ago from Racer.com

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
2d ago from Motorsport.com

Ed Jones and Carlin Racing Shine at Soggy Barber Test

Indy Lights Presented by Cooper Tires made the prudent decision to...

Popular On TotalWRC.com

Team Kubica wins WRC livery poll

The RK World Rally Team won a landslide victory with a whopping 51% of...
3h ago from WRC.com

The lowdown on high altitude stages

Mexico features the highest stage of the season
4h ago from WRC.com

Ogier quickest in Rally Mexico shakedown

Sebastien Ogier tops the times for Volkswagen in the shakedown for WRC...
39m ago from Crash.net

ERC: Driver registrations near 60

Registrations continue to arrive for the 2015 FIA European Rally...
8h ago from Crash.net

Popular On GunnersToday.com

Are Arsenal really in contention to land this in-form...

Borussia Dortmund’s current in-form winger, 25-year-old Pierre-Emerick...
59m ago from FootballFancast....

Could this really be his best position at Arsenal?

With Arsenal’s hunt for a top four finish and another season of...

QPR 1-2 Arsenal: Giroud and Alexis secure three big...

Match report – Player ratings – Video Not our most convincing...
1h ago from Arseblog.com

Arsenal And Manchester United Target Stalls On New...

Ilkay Gundogan has yet to commit his future to Borussia Dortmund....
5h ago from CaughtOffside.com

Comments

comments powered by Disqus

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.