News Details
Lotus owner's losses, debts continue to worsen?
Alarming news about the financial health of Lotus team owner Gerard Lopez has emerged. Together with Eric Lux, fellow Luxembourger Lopez heads the investment company Genii Capital, which owns the Enstone based team. After finishing a strong fourth in the last two constructors' world championships, Lotus is currently a mere eighth 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 EUR 53 million, with company equity listed as minus EUR 128 million. The report said that just one year ago, the loss was only...
Full Story »
Full Story »
9y ago from GrandPrix.com
0
You May Also Be Interested In...
Axed Caterham staff to sue new team owners
Axed Caterham employees are to commence legal action against the F1 team...
9y ago from Crash.net
Team performance firing Lotus exit rumours – Grosjean
Team performance firing Lotus exit rumours – GrosjeanPosted On 27...
9y ago from ThisIsF1.com
Grosjean: I leave the door open to any nice option
Romain Grosjean
Romain Grosjean has admitted Lotus' lack of...
9y ago from GrandPrix247.com
Caterham to sue former staff for damages
Press Release: Caterham F1 Team has read with great concern recent...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pramac's Morbidelli still "missing freedom"...
No description available...
15h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
20h ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
20h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
13h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How WRC Rally1 teams embraced the return of the...
No description available...
13h ago from Motorsport.com
Kenya president pushing for longer WRC Safari Rally
No description available...
11h ago from Motorsport.com
Neuville pips Tänak in Safari opener
FIA World Rally Championship leader Thierry Neuville took a slender...
13h ago from MotorsportWeek.c...
WRC Safari Rally: Neuville edges Tanak to grab early...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Barcelona looking to take advantage of 32-year-old...
There was a time in the not too distant past when Barcelona, one of the...
22m ago from CaughtOffside.com
FPL 2023-24: Best Fantasy Team for Gameweek 30 | FPL...
No description available...
12m ago from SportsKeeda.com
Episode 778 – The Preview
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
Arsenal Transfer News Roundup: Gunners eyeing Ismael...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Vettel CONFIRMS stunning comeback as Red...
Ever since Lewis Hamilton made the shock... Read More »
2h ago from GPFans.com
Poll: Should Lawson replace Ricciardo at RB?
Have your say on who you would like to see in the... Read More »
52m ago from RacingNews365.com
Vettel CONFIRMS F1 comeback and reveals what's holding it up
Ever since Lewis Hamilton made the shock... Read More »
12h ago from GPFans.com