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Lotus insolvency

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F1: Renault signs Lotus letter of intent

Formula 1

F1: Renault signs Lotus letter of intent

By alley - Sep 28, 2015, 4:31 AM ET

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...

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