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F1: Total seemingly involved in Renault's Lotus buyout

From GMM

Details of Renault’s apparent hobby in buying again the Enstone based totally workforce recognized at present as Lotus at the moment are emerging.

It has been rumoured for a while that, having bought the outfit to Gerard Lopez’s Genii firm on the end of 2009, the French carmaker now wants to ramp its F1 profile back up with a return to full works status.

Lotus chief executive Matthew Carter performed down the speculation in Canada.

“The final data I heard (within the media) used to be that we had been going to be bought by way of The End of May but we’re nonetheless right here and we’re still the identical group,” he said.

“That Is as so much as I Will Be Able To say.”



Lotus E23-Mercedes, Montreal 2015 (Photo: René Fagnan)
Lotus E23-Mercedes, Montreal 2015 (Photo: René Fagnan)

The End-of-May Just story was once a few supposed self-imposed time limit for the conclusion of talks between Lotus and Renault, who’ve reportedly also looked into buying different F1 groups.

However The Spanish sports day by day Marca is certain that Renault’s plans to buy back Lotus in time for the 2017 season remain on the right track.

The record said a brand new company has already been formed to find investors, featuring Renault’s traditional oil accomplice Total, and that an announcement will be looming as soon because the British grand prix early subsequent month.

Lotus’ Carter said in Montreal: “I continue to claim the same thing — the shareholders have informed me that the corporate is not for sale.

“I Believe I’ve mentioned in the press earlier than that the whole thing is sale for a undeniable value.

“I proceed to reiterate that we signed an extended-term (engine) contract with Mercedes-Benz and as far as we’re involved we simply continue down that route,” he introduced.

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