News Details
Lotus faces administration if deal can't be struck
The Lotus F1 Team is facing administration if it fails to reach an agreement with a group of creditors that have brought a winding-up petition against the team at the High Court. Companies Court in London has adjourned the hearing for two weeks in order to give Lotus and its creditors time to talk out a deal, which Lotus CEO Matthew Carter is confident will happen. "There is a court process we are going through," he confirmed to Autosport. "A number of suppliers are feeling a little negative because of what happened to Caterham and Marussia, and they felt they had to go down this process. "We've had dealings and agreements with the companies that are taking...
Full Story »
Full Story »
8y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Lotus F1 team have winding-up petition adjourned
A winding-up petition brought by creditors against the Lotus Formula...
8y ago from GrandPrix247.com
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team has been given two weeks to reach an agreement...
8y ago from SpeedCafe.com
Lotus winding-up petition postponed
– A winding-up petition against Lotus has been adjourned for two...
8y ago from GPUpdate.net
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
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
11h ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
15h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
1d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Power “didn't have any defense” against Dixon due...
No description available...
7h ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
7h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
15h ago from MotorsportWeek.c...
Arrow McLaren confirms Pourchaire for Barber...
No description available...
15h ago from Motorsport.com
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
1d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Ogier's last-gasp Croatia Rally victory on surprising...
There had been no major incident on WRC Croatia for 17 stages. That...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'How is that not a red?', 'Atrocious refereeing' -...
No description available...
1h ago from SportsKeeda.com
Thiago Silva's wife Belle reacts on social media after...
No description available...
4h ago from SportsKeeda.com
'This was men against boys' - Rio Ferdinand on...
No description available...
6h ago from SportsKeeda.com
'60 million down the drain' - Top 10 funniest memes as...
No description available...
7h ago from SportsKeeda.com
Comments
Hottest News
The Hamilton-Mercedes marriage appears destined for a messy...
Lewis Hamilton has endured a difficult start to... Read More »
52m ago from RacingNews365.com
F1 News Today: Hamilton and Verstappen rivalry takes SHOCK...
A touching moment at the Chinese Grand Prix... Read More »
1h ago from GPFans.com
Hamilton car camera captures Verstappen's TRUE feelings...
A touching moment at the Chinese Grand Prix... Read More »
12h ago from GPFans.com
