Renault has finally completed its takeover of Lotus and will officially compete in Formula 1 from 2016 as a works entrant. The rubber-stamping of the deal was effectively done on Monday at the UK High Court in London, with an insolvency petition formally dismissed.Earlier this month Renault announced the signing...

The Lotus Formula 1 team has managed to wipe just over £56 million [$84.5m] from its debts for 2014.Following a protracted period of negotiations and due diligence regarding Renault's takeover, with principal contracts finally signed last week, the team is finally due to submit its 2014 accounts to Companies House...

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,...

Lotus CEO Matthew Carter has confirmed the team has a budget in place to see out the remainder of the Formula 1 season.The future of the F1 team is currently up in the air as it is struggling financially, with discussions ongoing with Renault about a possible takeover. Questions recently...

The Lotus Formula 1 team is continuing to make strides to settle its debts with a number of creditors after being faced with a winding-up petition in the UK's High Court.Following a two-week adjournment, the name of Lotus F1 Team Limited was again on the Companies Court Winding-Up List on...

The Lotus Formula 1 team is confident of reaching a financial settlement with a number of creditors after being faced with a winding-up petition in the UK's High Court.Lotus was among those on the Winding-Up List of the Companies Court on Monday, with the judge, Mr. Registrar Briggs, adjourning the...

The Lotus Formula 1 team understands Romain Grosjean's concerns over giving up free practice sessions to Jolyon Palmer this year, but it believes it is doing the right thing.Palmer, last year's GP2 champion, is currently biding his time as Lotus' reserve (pictured), but in contrast to others who have previously...

Lotus has become the latest Formula 1 team to insist it will never switch to customer cars.F1 chief executive Bernie Ecclestone outlined details of the plan earlier this week that he claims could happen "if we made a big enough effort." But despite the proposal dominating discussions at last week's...

Gerard Lopez feels anything is again possible for Lotus following the emergence of his team from what he has described as a "humbling" experience in 2014.For the first time since the final grand prix of last season Lopez is back in the paddock for this weekend's race in Spain. The...

Pastor Maldonado has been warned by Lotus that his Formula 1 seat is not guaranteed despite the considerable financial support he receives from PDVSA.Venezuela's state-owned oil and gas company has backed Maldonado throughout his career, following the 30-year-old from Williams to Lotus after he left the former team at the...