News Details

Lotus winding-up petition postponed

– A winding-up petition against Lotus has been adjourned for two weeks, in a bid to give the team enough time to reach an agreement with a number of creditors.Lotus Formula 1 Ltd was among those on a winding-up list of the Companies Court on Monday, with judge Mr Registrar Briggs delaying the hearing until July 20.Lotus has faced financial problems in recent seasons, and slumped to eighth in last year's championship standings, ahead of only Marussia, Sauber and Caterham.Lotus CEO Matthew Carter is confident, however, that the matter will be resolved in due course, and that the case will have no bearing on the team's Formula 1 future."A number of suppliers are feeling a little...
Full Story »
8y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Lotus winding-up hearing postponed by High Court

Lotus has been able to postpone a winding-up hearing for two weeks after...
8y ago from Crash.net

Lotus F1 team faces winding-up petition

The Lotus Formula 1 team is facing legal trouble in the wake of a...
8y ago from Motorsport.com

Business as usual for Lotus

A number of creditors, clearly concerned by the demise of Caterham and...
8y ago from Pitpass.com

Kubica: F1 remains beyond my reach at present

Robert Kubica has admitted that racing in formula one remains 'beyond my...
8y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Aldeguer signs two-year MotoGP deal with Ducati for...

Fermín Aldeguer will make the step up to MotoGP in 2025, having agreed a...
10h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Lundqvist: CGR resources are ‘everything I could...

Linus Lundqvist is one of three rookies contesting the entirety of the...
11h ago from MotorsportWeek.c...

Consistency a top priority for Ericsson at ‘up and...

As Marcus Ericsson enters his sixth year racing in the NTT IndyCar Series,...

Popular On TotalWRC.com

Kenjiro Shinozuka, 1948–2024

Kenjiro Shinozuka, the 1997 Paris–Dakar Rally victor and 2× World Rally...

Popular On GunnersToday.com

Man City to face Real in CL quarter-finals while...

Manchester City will face Real Madrid in the Champions League...
4h ago from SkySports.com

Arsenal, Liverpool, Manchester City 'in contention to...

Premier League giants Arsenal, Liverpool and Manchester City are all...
3h ago from SportsMole.co.uk

Win £750,000: The Super 6 March Rollover

No winner of the Super 6 March Rollover so far means a massive...
4h ago from SkySports.com

Premier League Team of the Season so far - Haaland,...

Sports Mole selects its Premier League Team of the Season so far,...
4h ago from SportsMole.co.uk

Comments

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.