News Details

Lotus sells minority stake to Russian company

Lotus have sold a minority stake in the team to Russia's Yota Devices, according to a company spokesperson. YotaPhone, a subsidiary of the company, was seen on the front-wing endplates of the E22 teased by Lotus on Twitter last week. Company spokesperson Kirill Lubnin told Autosport that it wasn't just a sponsor deal, but in fact they had taken ownership of a small stake. "It is not a sponsorship, we have bought a stake," he said. "It is also important to underline that it was not our company which made the deal but our owners." It isn't clear what per cent Yota Devices has bought, but it's believed to be between eight and 10 per cent.
Full Story »
1y ago from TheF1Times.com 0
Share

You May Also Be Interested In...

Lotus sells minority stake to Russian firm

– Lotus owner Genii Capital has sold a stake in the outfit to...
1y ago from GPUpdate.net

Toro Rosso signs sponsorship deal with investment...

Toro Rosso signs sponsorship deal with investment company 24 January,...
1y ago from GrandPrix247.com

New sponsor for Lotus

The beleaguered Lotus team have announced a new sponsorship deal with Saxo...
1y ago from SkySports.com

Quantum insists Lotus deal not dead

Despite quotes to the contrary from team owner Gerard Lopez, Quantum...
1y ago from Crash.net

Elsewhere On The Network

Popular On MotoGPToday.com

MotoGP Argentina - Warm-up Results

Honda riders Marc Marquez and Cal Crutchlow moved to first and second...
1h ago from Crash.net

Dorna propose a fitting tribute to Joan Moreta

The company has proposed to the FIM the re-naming of the trophy awarded...
1h ago from MotoGP.com

Crutchlow: “I nearly hit him…”

Cal Crutchlow will start Sunday’s race in Argentina from 4th, after he...
3h ago from MotoGP.com

Espargaro: “It’s great to be on the front row!”

Team Suzuki Ecstar’s Aleix Espargaro will start from the front row of...
3h ago from MotoGP.com

Popular On IndyCarToday.com

Castroneves on pole as disaster strikes Power

Helio Castroneves edged Penske team-mate Juan Pablo Montoya for pole...
14h ago from SpeedCafe.com

Penske continues to pace Long Beach practice

There was a new name at the top of the timesheets following the third and...
20h ago from Crash.net

Alesi takes double pole on car racing debut

Giuliano Alesi, the 15-year-old son of former Ferrari Grand Prix star...
1d ago from Motorsport.com

Daly to replace injured Moran Jr.

– American Conor Daly will fill in for Rocky Moran Jr. this weekend...
20h ago from GPUpdate.net

Popular On TotalWRC.com

Latvala inspired by McRae onboards

The Finn sought inspiration after no-scores on the rounds in Sweden and...
6h ago from WRC.com

Citroën: An endurance rally in Argentina

The Citroën Total Abu Dhabi World Rally Team has conducted extensive...
22h ago from Motorsport.com

Latvala Looking to Bounce Back In Argentina

With the 2015 FIA World Rally Championship entering it's second quarter...

Rally Argentina: Event timetable

Complete event timetable for Rally Argentina, the fourth round out of 13...
2d ago from Crash.net

Popular On GunnersToday.com

Chambers Reveals His Favourite Position To Play

To many Arsenal fans, Callum Chambers seems like the type of player who...
2h ago from FreshArsenal.com

Highlights: Alexis Sanchez brace helps Arsenal beat...

Defending FA Cup champions Arsenal beat Reading 2-1 after extra time in...
4h ago from SportsKeeda.com

Arsenal eye move for Birmingham City wonderkid Demarai...

Following their Wembley FA Cup semi final win over Reading, Arsenal are...
44m ago from CaughtOffside.com

Top 10 Premier League goalscorer-assist combinations...

Football is a team game, but every so often, there are players and...
4h ago from SportsKeeda.com

Comments

comments powered by Disqus

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.