Renault Group Officially Buys Lotus F1 Team


Thread Starter #1

Akash1886

Honoured Member
Joined
Sep 7, 2014
Messages
11,936
Likes
14,774
Location
Delhi-NCR/ Mumbai
72488_1_5.jpg

F1 : signature of a Letter of Intent between Renault Group and Gravity Motorsports S.a.r.l.

Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii Capital SA, are pleased to announce the signature of a Letter of Intent regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team Ltd.

The signature of this Letter of Intent marks Renault’s first step towards the project of a Renault Formula 1 team from the 2016 racing season thereby extending 38 years of commitment of the brand to world’s premier motorsport championship series.

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 parties
Official

Regards

Akash
 

Top Bottom