renault poised to take controlling stake in cash strapped lotus /

Published at 2015-09-28 12:26:41

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• French manufacturers sign ‘letter of intent’ to total takeover
• Lotus due in High Court on Monday over unpaid tax billRenault has announced its intention to remove over the cash-strapped Lotus Formula One team.
Lotus’ problems came to a head at t
he Japanese Grand Prix, with members of the team seeking refuge elsewhere at the track and the drivers dining at rival teams.
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Source: theguardian.com