Renault has confirmed it will conclude its purchase of Formula 1 team Lotus by Dec.16.Four days after Renault announced the signing of principal contracts for its takeover of Lotus, the two parties returned to the UK High Court on Monday. During months of negotiations, Lotus was forced to head to...

The Lotus Formula 1 team will make what it hopes will be its final UK High Court appearance on Monday after finally concluding a takeover deal with Renault.After months of negotiations for Renault, not only with Lotus's now former owners in Genii Capital but also F1 chief executuve Bernie Ecclestone,...

Renault chairman and CEO Carlos Ghosn has confirmed the manufacturer will return to Formula 1 in 2016 as a full-time works outfit.Following six months of protracted negotiations, Renault today signed principal contracts with regard a takeover of the Lotus F1 team. It has confirmed that work continues on finalizing the...

Renault has signed a letter of intent with the current owners of the Lotus Formula 1 team regarding its "potential" acquisition of the squad.The French manufacturer has been locked in talks to take a 65 percent stake in the team for next year, marking its return to a full manufacturer...

Lotus Formula 1 team owner Genii Capital has agreed to sell a stake in the squad to new Russian backer Yota Devices Company. The team announced a sponsorship deal with YotaPhone last week, with its logos featuring on images of the new E22 that were released. But as well as...

The Lotus F1 team has undergone a management reshuffle, with its CEO Patrick Louis stepping aside from his day-to-day role with the team.Louis was brought into Lotus at the start of 2010 when current owners Genii Capital bought the team from French car manufacturer Renault. He was originally COO but...

Quantum Motorsport's investment deal to buy in to the Lotus Formula 1 team is still being worked on, despite the team announcing Pastor Maldonado for next year.The signing of Maldonado has been interpreted by some as an indication that Quantum's efforts to buy a 35 per cent stake in the...

Lotus boss Eric Boullier accepts that his team may end up losing Nico Hulkenberg to a rival squad if the Quantum Motorsport deal is not finalized very soon.Although Quantum chiefs are confident that a major investment deal for it to take a 35 percent stake in the team will go...

Lotus's long-term Formula 1 future received a major boost on Sunday night when investment group Quantum Motorsports said its deal to buy into the team was complete.After a weekend when questions about Lotus's financial state emerged following Kimi Raikkonen's threat to not race because he had not been paid, major...

Lotus boss Eric Boullier has urged the team's owners to hurry up with a decision about its future because he does not want to risk losing the best drivers.Genii Capital, which bought the Lotus team from Renault at the end of 2009, has been in discussions from several months with...