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Renault will take over Lotus' F1 team to re-enter Formula 1 as a full manufacturer entry

Sep 30, 2015    

The Lotus Formula 1 team have been fighting the insolvency proceedings brought by the UK Revenue and Customs (HMRC) for a while now, but Renault and Gravity Motorsports S.a.r.l. have now signed a letter of intent to take over a controlling share in the team. This marks the return of the French carmaker into the sport as a full manufacturer entry. This acquisition also helped the Lotus team’s cause as the High Court case against them has been adjourned until December 7, 2015 due of t...

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