News Details

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...
Full Story »
1y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Lotus F1 owner’s losses, debts continue to worsen...

Lotus F1 owner's losses, debts continue to worsen – reportPosted On...
1y ago from ThisIsF1.com

Lotus owner's losses, debts continue to worsen?

Alarming news about the financial health of Lotus team owner Gerard Lopez...
1y ago from GrandPrix.com

Maldonado would welcome cigarette sponsor at Lotus

Maldonado would welcome cigarette sponsor at LotusPosted On 25 Jul 2014By...
1y ago from ThisIsF1.com

Maldonado would welcome JPS back at Lotus

JPS has history in F1 here with Ayrton Senna in 1985 Pastor Maldonado...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Redding: It s a make or break year

2016 will be a 'make or break year' for Scott Redding in MotoGP. After...
4h ago from Crash.net

Redding: 2016 'make or break' year

– Pramac rider Scott Redding has described 2016 as a "make or...
10h ago from GPUpdate.net

No reason not to have two MotoGPs in Australia

A second Australian circuit could join the MotoGP calendar in the near...
8h ago from Crash.net

Popular On IndyCarToday.com

INDYCAR: Gallagher & Co. backing for Chilton

International insurance brokerage and risk management services firm...
5h ago from Racer.com

Robin Miller's Mailbag for February 10, presented by...

Page 1 of 7 Welcome to the Robin Miller Mailbag as presented by Honda...
5h ago from Racer.com

Helio Castroneves: “Trust me, Phoenix is going to be...

All four Team Penske drivers ended the Chevrolet test at Phoenix...
1d ago from Motorsport.com

Jack Harvey: IndyCar “more exciting than Formula 1...

Racing Steps Foundation graduate Jack Harvey is seeking to step up to the...

Popular On TotalWRC.com

Ogier calls for Rally Sweden to be cancelled

Defending World Rally Champion Sebastien Ogier has called for Rally...
3h ago from Crash.net

Ford RS – The Legend Continues

Enthusiasts have loved Ford RS branded vehicles for decades. Now, with...

Recce notes: Rally Sweden

And with weather forecasts predicting an eleventh-hour freeze, hopes are...
5h ago from WRC.com

Mikkelsen: ‘Win removed stress'

The Volkswagen driver starts this week’s Rally Sweden with the pressure...
6h ago from WRC.com

Popular On GunnersToday.com

Picture Special: Express Sport ranks the 20 most...

SOME football kits are glorious, some bad and others absolutely atrocious.
2h ago from Express.co.uk

'I can't even remember what Abou Diaby looks like!' -...

Former Arsenal midfielder Abou Diaby is about to make his first...
2h ago from TalkSport.com

Arsenal legend shows his man management skills by...

When Manchester City needed a midfield general to come on and change a...

Arsenal star: I've ‘changed my game' and...

Laurent Koscielny believes he's currently enjoying his best ever season...
59m ago from AllArsenal.com

Comments

Hottest News

Analysis: Ferrari poised for radical engine overhaul

For however much Maranello's 2016 machine makes... Read More »
7h ago from Motorsport.com

Jorda rubbishes "12 seconds slower" accusations

Sorensen, a race winner in GP2, Formula Renault... Read More »
5h ago from Motorsport.com

Briatore changes face with plastic surgery

Flavio Briatore is a radically changed man,... Read More »
11h ago from ThisIsF1.com

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.