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 »
2y 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...
2y ago from ThisIsF1.com

Lotus owner's losses, debts continue to worsen?

Alarming news about the financial health of Lotus team owner Gerard Lopez...
2y ago from GrandPrix.com

Maldonado would welcome cigarette sponsor at Lotus

Maldonado would welcome cigarette sponsor at LotusPosted On 25 Jul 2014By...
2y ago from ThisIsF1.com

Maldonado would welcome JPS back at Lotus

JPS has history in F1 here with Ayrton Senna in 1985 Pastor Maldonado...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

KTM and Yamaha differences ‘black and white’ for...

Espargaro and Smith both finished their first MotoGP race with KTM in...
14h ago from BikeSportNews.com

‘First and last’ MotoGP crash of 2017 hopes Iannone

Iannone was susprised by a lack of pace by Marquez, clipped his rear and...
14h ago from BikeSportNews.com

Vinales wins season-opening Qatar MotoGP

Spain's Maverick Vinales on a Yamaha won the season-opening Qatar MotoGP...
2d ago from SuperSport.com

Zarco vows to learn after starring debut

– Tech 3 rider Johann Zarco has vowed to learn from his race-ending...
10h ago from GPUpdate.net

Popular On IndyCarToday.com

Mann back with Dale Coyne Racing for 2017 Indy 500

Pippa Mann will return to the Indianapolis 500 field in 2017 after...

Yacaman aiming to fulfil dream with possible 2017 Indy...

Gustavo Yacaman is looking to make his Indianapolis 500 debut in 2017...

Mann set for Indy 500 again with Dale Coyne Racing

Pippa Mann will return to Dale Coyne Racing for a fifth consecutive year...
5h ago from Racer.com

Pippa Mann secures Indy 500 return with Dale Coyne...

Pippa Mann has secured a return to the Indianapolis 500 with Dale Coyne...

Popular On TotalWRC.com

Test date set for Polo R5

Development under way on Volkswagen’s WRC 2 car
7h ago from WRC.com

Pre-Event Test Videos #2 Tour de Corse 2017

Pre-Event Test Videos #2 (Fan Footage) Che Guevara Energy Drink Tour de...
11h ago from WRC.com

Getting Excited for Dirt 4!

In all honesty, we're a bit late to this party since news about Dirt 4...

Germany rings the changes

New stages and a new service base in 2017
5d ago from WRC.com

Popular On GunnersToday.com

Chelsea angling to sign Alexis Sanchez?

SPN FC panel share his thoughts on the rumours that Chelsea are looking to...
1h ago from ESPNFC.co.uk

Nacho - How Santi and I became friends

We often see them together in the canteen, in the gym and at training -...
7h ago from Arsenal.com

Comments

Hottest News

'Replace Kimi with Giovinazzi!', says ex-Scuderia boss

Antonio Giovinazzi's performance last weekend in... Read More »
15h ago from F1i.com

Was Ferrari's win a gift from Mercedes?

The first Grand Prix to new regulations and with... Read More »
2h ago from F1Zone.net

Mercedes not commenting on McLaren-Honda engine rumours

Niki Lauda has dodged speculation Mercedes could... 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.