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...