Lola shuttered as administrator unable to find buyer for bankrupt automaker
For the moment, the move only affects Lola Cars, which is the car building arm of Lola Group Holdings. According to Speed, the Lola name and all of the intellectual property belong to the parent company, and LGH isn't affected bankruptcy and closure it just won't be building cars anymore. The Lola Composites division was also declared bankrupt in May, but remains a going concern seeking a buyer.
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