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Lotus in financial trouble as debts mount

Gerard Lopez with Kimi Raikkonen in happier times Alarming news is emerging about the financial health of Lotus team owner Gerard Lopez has emerged and the investment company he runs. Together with Eric Lux, fellow Luxembourger Lopez heads Genii Capital, which owns the Enstone based team. After finishing a strong fourth in the last two constructors' world championships, Lotus is currently down in eighth and battling with backmarkers, 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 53 million, with...
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8mo ago from GrandPrix247.com 0
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