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Lotus faces administration if deal can't be struck
The Lotus F1 Team is facing administration if it fails to reach an agreement with a group of creditors that have brought a winding-up petition against the team at the High Court. Companies Court in London has adjourned the hearing for two weeks in order to give Lotus and its creditors time to talk out a deal, which Lotus CEO Matthew Carter is confident will happen. "There is a court process we are going through," he confirmed to Autosport. "A number of suppliers are feeling a little negative because of what happened to Caterham and Marussia, and they felt they had to go down this process. "We've had dealings and agreements with the companies that are taking...
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10y ago from GrandPrixTimes.com
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