Renault's return to Formula One as a team looks imminent after the French manufacturer announced plans on Monday to buy a controlling stake in the debt-laden Lotus team. Renault said in a statement that it signed a letter of intent with the owners of the Lotus team 'regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team Ltd.' Renault, which has been in talks to buy Lotus for several months, added it hopes a deal will be finalised soon. 'Renault Group and Gravity will work together in the coming weeks to eventually turn this initial undertaking into a definitive transaction provided all terms and conditions are met between them and other interested...
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