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genii capital

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    Rumormill: Genii capitalizing on Lotus F1 tech with new sports car?
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    Detractors will tell you that there's little to be applied from Formula One racing to the cars we drive, but what about the cars most of us could only dream of driving? We're talking about supercars from the likes of Ferrari and McLaren – two hugely successful F1 racing teams that have ...

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    Official: Lotus reveals terms of Genii-Proton deal while hitting back at rumors
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    There have been plenty of rumors surrounding the fate of Lotus and its relationship with its longtime parent company, Proton. Some are saying that Dany Bahar has been axed as CEO, that the company is undergoing bankruptcy protection, and that its involvement in Formula One has drawn to a close. ...

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    Report: Lotus F1 no longer sponsored by Group Lotus, team to keep name
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    Group Lotus will no longer sponsor Lotus F1, according to Autosport.com. The manufacturer pulled its endorsement shortly after parent company Proton announced the sale of Group Lotus to DRB-Hicom. Additionally, Proton won't purchase 50 percent of the race team as previously agreed. The good ...

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    Report: Adrian Sutil convicted of assault in Germany
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    Formula One driver Adrian Sutil has been convicted of assault in a trial concluded this week in Munich, Germany. The proceeding revolved around a brawl at a night club in Shanghai, where Sutil slashed the throat of Genii Capital CEO Eric Lux, co-owner of the team now known as Lotus, with a ...

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    Report: F1 driver Adrian Sutil to stand trial in Germany over Shanghai bar fight
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    An impending court trial in Germany is shaping up to be the largest parade of Formula One drivers since the 2011 season wrapped up in Brazil this past November. The proceeding pits one Eric Lux (CEO of Genii Capital that owns part of Lotus Renault GP) against Adrian Sutil (a veteran grand prix ...

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    Report: Proton denies sale of Lotus to Genii Capital
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    Keen followers of automotive news – particularly the financial side of things – may recognize the name Genii Capital. A couple of years ago, the Luxembourg-based investment firm began acquiring an increasingly large stake in the Renault F1 team. Then, in 2010, the company partnered ...

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    Report: Renault F1 owner suing Adrian Sutil over Shanghai nightclub brawl
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    Well, Adrian Sutil can kiss his chances of ever driving for the Renault F1 team goodbye. Lewis Hamilton too, from the looks of things. At least as long as its owned by Genii Capital. Reports from the F1 paddock indicate that Sutil, who drives for the Force India team, was celebrating at a ...

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    Officially Official: Lotus Renault GP rolls up its sleeves
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    Lotus Renault GP livery – Click above for high-res image
    In the highly competitive environment that is Formula One racing, things can get a bit messy. Rivalries. Crashes. Underhanded maneuvers. Team orders. Scandals. But identity crises? This is a new one. But that's just what we're looking ...

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    Renault to sell F1 team to Lotus?
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    If you thought it was confusing for Red Bull to own two F1 teams, you ain't seen nothin' yet. Emerging reports from the F1 paddock seem to paving the way for not one, but two teams under the Lotus-Renault banner. The development stems from Renault's anticipated plan to scale back its F1 ...

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    Renault F1: Sponsored by... Lada!
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    Renault R30 F1 car – click above for high-res image gallery
    Renault F1's got itself a new sponsor: Lada. The Russian automaker's logo will appear on the R30 racing cars, as seen above, as well as the driver and crew uniforms. The announcement was made at a meeting held this Monday in ...

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    Bernie Ecclestone and Genii Capital looking for another carmaker to buy?
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    With his stranglehold on Formula One's commercial rights firmly in place, Bernie Ecclestone is more accustomed to taking money than spending it. But after selling his prized classic car collection a couple of years ago, the F1 supremo teamed up with Luxembourg-based Genii Capital in a bid to take ...

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    Report: Spyker last bidder GM considering for Saab... or is it?
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    To paraphrase the once great weekend update anchor Chevy Chase, "Generalissimo Saab is still dead" and appears likely to stay that way. Bloomberg reports that Spyker is the last bidder standing to pick up the Swedish brand from General Motors, although Genii Capital and partner Bernie Eccelstone ...

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    BREAKING: Saab board reportedly votes to liquidate company, but GM still weighing bids
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    According to a press release quoted in Dow Jones Newswires, Stefan Lofven, head of Swedish trade union IF Metall, the board of Saab has voted today to liquidate the company. Simultaneously, General Motors has announced that it has hired AlixPartners to supervise the "orderly wind-down" of the ...

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    Update: Bernie Ecclestone tied to late-breaking Genii Capital bid for Saab
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    Bernie Ecclestone, the long-time Formula One impresario, has confirmed to Bloomberg that he plans to make a play to buy Saab from General Motors. The pitch is evidently part of the bid by Genii Capital that we told you about earlier today. Genii's last-minute pitch may have been the reason why GM ...

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    BREAKING: GM reportedly delays board meeting as new Swedish bidders emerge for Saab
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    Saab: A history in pictures – Click above for high-res gallery
    Just when we thought the financial soap opera surrounding Saab couldn't get any more convoluted or tortured, it has. Bloomberg is reporting that General Motors has once again delayed a meeting planned for today to determine the ...

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    Renault stays in Formula One after selling stake in team
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    The Renault name will remain on the Formula One grid when the series resumes in 2010 thanks to a deal announced on Wednesday. There had been considerable speculation in recent months that Renault would shut down its F1 effort and follow Honda, BMW and Toyota out the door. These rumors hit a fever ...

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