News Details
Lotus owner's losses, debts continue to worsen?
Alarming news about the financial health of Lotus team owner Gerard Lopez has emerged. Together with Eric Lux, fellow Luxembourger Lopez heads the investment company Genii Capital, which owns the Enstone based team. After finishing a strong fourth in the last two constructors' world championships, Lotus is currently a mere eighth after a particularly difficult first half to the 2014 campaign. And according to the Luxembourg newspaper Tageblatt, the financial news is even worse. Accounts just filed with the commercial register for 2012 show an annual loss of almost EUR 53 million, with company equity listed as minus EUR 128 million. The report said that just one year ago, the loss was only...
Full Story »
Full Story »
9y ago from GrandPrix.com
0
You May Also Be Interested In...
Axed Caterham staff to sue new team owners
Axed Caterham employees are to commence legal action against the F1 team...
9y ago from Crash.net
Team performance firing Lotus exit rumours – Grosjean
Team performance firing Lotus exit rumours – GrosjeanPosted On 27...
9y ago from ThisIsF1.com
Grosjean: I leave the door open to any nice option
Romain Grosjean
Romain Grosjean has admitted Lotus' lack of...
9y ago from GrandPrix247.com
Caterham to sue former staff for damages
Press Release: Caterham F1 Team has read with great concern recent...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Yamaha MotoGP satellite team "must be...
No description available...
3h ago from Motorsport.com
Pedrosa says 'unexpected' MotoGP return pushed by...
No description available...
3h ago from Motorsport.com
Yamaha to bring brand new MotoGP bike at Jerez test
Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...
1h ago from MotorsportWeek.c...
Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...
Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
12h ago from MotorsportWeek.c...
McLaughlin issues statement following St. Pete...
No description available...
12h ago from Motorsport.com
Full-time IndyCar move “an option” says supersub...
No description available...
15h ago from Motorsport.com
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
1d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
1d ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'I know exactly what it feels like' - Cesc Fabregas...
No description available...
41m ago from SportsKeeda.com
Ashley Cole explains the difference between playing...
No description available...
1h ago from SportsKeeda.com
Chelsea superstar ruled out of rest of 2023-24...
No description available...
4h ago from SportsKeeda.com
'Mesmerising at the moment' - Gary Neville feels...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Audi agree LONG-TERM F1 deal with star driver
Audi have agreed a long-term deal for the first... Read More »
7h ago from GPFans.com
Rosberg reveals financial toll of rivalry with Hamilton
Nico Rosberg recently shed light on an intriguing... Read More »
4h ago from F1i.com
'Verstappen and Red Bull to continue without Newey in 2025,...
Adrian Newey is expected to announce his... Read More »
21m ago from GPBlog.com