genii capital

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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...