Showing posts with label Renault F1. Show all posts
Showing posts with label Renault F1. Show all posts

Friday, December 17, 2010

Bahar: Renault F1 deal cost one third of what Tony asked


From Paultan

When news broke that Group Lotus was buying into the Renault F1 Team, one of the more popular questions was why couldn’t they just invest in Tony Fernandes’ Team Lotus. Wouldn’t that have solved the issue of a Lotus vs Lotus battle on next year’s Formula 1 grid and in the courts? Group Lotus CEO Dany Bahar shed some light on the matter at a media lunch in London.

Apparently, there were such moves, but the other side made it too difficult, and too costly for Group Lotus. “A question that has come up many times was why did you not find an amicable solution with Tony Fernandes? Well we tried,” he said. Continue reading...

Wednesday, December 8, 2010

It’s official – Lotus Renault GP is a go for 2011!!!

From Paultan

After weeks of agonizing wait, it has been officially confirmed that Group Lotus will come into Formula 1 next season with Genii Capital, owner of the Renault F1 team. According to the press release, Group Lotus via parent company Proton have signed a title sponsorship deal that will run till 2017. Continue reading..

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