When Lola Cars International filed for bankruptcy in May of this year, the expectation was that a buyer would be found because, after all, it's Lola. Over the past 54 years, the British racecar builder has had its aluminum and carbon fiber fingers in every top series and a cornucopia of feeder series', and it continues to have cars racing on tracks as you read this. A report on Speed puts paid to that, however, with word that no suitable buyer came forward and hence the division has been shut down and will probably have its assets sold.

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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    • 1 Second Ago
  • 9 Comments
      johnnythemoney
      • 2 Years Ago
      This is quite sad and could have disastrous effects on prototype racing, just look how many teams use their cars. I don't think the dominance and disproportionated efforts from factory teams are the main cause to this, but they surely had an influence. I suppose the best outcome could be that now the company it's bought by an automaker to improve their racing division, but they would have already come forward if this was to be the case. I wish them the very best, I always had a soft spot for their cars.
      Drakkon
      • 2 Years Ago
      Sad to see a great builder go. Especially one that is the basis of several successful teams in around the world. Also sad that 296 people will comment on a new ugly Lincoln, but only 8 of us comment on one of the most prolific racecar builders going under.
        Lemon
        • 2 Years Ago
        @Drakkon
        Just thinking the same thing on the comment count. I guess I can't say I'm surprised that most commenters don't even know what Lola is.
      BAirey
      • 2 Years Ago
      I wish these British car brands would combine into super companies. I see no reason why Aston(independent), Lola(independent), and Cosworth don't team up. Then with there powers combined they could save Lotus! This would be the holy grail of British motoring. With AM and Lotus's aluminum monocoque knowledge. Lola's CF and race car knowledge. Cosworths unreal performance engine knowledge they would be a considerable force to be reckoned with. Le Mans anyone?
        Soccer Mom
        • 2 Years Ago
        @BAirey
        What a great idea: get three bankrupt companies, unable to survive on their own, to form a big and bankrupt company that will go out and save another bankrupt firm by absorbing its debts and insolvency.
          Carma Racing
          • 2 Years Ago
          @Soccer Mom
          Funny reply, but the point is that if the small automakers would combine, they could eliminate redundancies in marketing, regulation departments, etc., and focus on making cars. They would become more profitable - or maybe less unprofitable -lol.
        KaiserWilhelm
        • 2 Years Ago
        @BAirey
        I support this.
        Tahoe
        • 2 Years Ago
        @BAirey
        Well said, it breaks my heart to see this happening to Lola, and hope it doesn't happen to Lotus. We need companies like them. Nothing against the big auto makers but the companies mentioned by BAirey all have incrediable history and talent that we shouldn't lose.
      • 2 Years Ago
      [blocked]