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,...

The Lotus Formula 1 team is confident of staving off bankruptcy administration, with a final deadline over unpaid debts to HMRC looming on Monday.The team's financial state has been highlighted this week in Japan as freight was late arriving to the Suzuka paddock, while all staff at the circuit have...

Formula 1 chief executive Bernie Ecclestone is set for another lengthy legal battle after being told he faces the prospect of paying a £1 billion ($1.57b) tax bill.The 84-year-old has been under investigation by Her Majesty's Revenue and Customs (HMRC) in the UK regarding his involvement, or otherwise, with a...