18 Articles
Motorsports
Renault paid £1 to buy back its F1 team

Renault didn't have to pay much to reacquire the Lotus F1 Team from Genii Capital, but it comes saddled with a mountain of debt.

Motorsports
Renault formalizes return to F1 with Lotus acquisition

Renault is returning to Formula One next season as a constructor, re-acquiring the team currently known as Lotus.

Motorsports
Renault will buy back Lotus F1 Team

Renault and Genii Capital have signed a letter of intent to transfer ownership of the Lotus F1 Team back to the French automaker, as it was before 2009.

Motorsports
Renault settles on Lotus, to take 65-percent stake in F1 team

Autosport reports that Renault will return to F1 as a constructor, taking a 65-percent stake in the Lotus team. A top-team budget and ten-year investment is planned.

Rumormill
Genii capitalizing on Lotus F1 tech with new sports car?

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 successfully made the transition into building exotic sports car

Official
Lotus reveals terms of Genii-Proton deal while hitting back at rumors

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. Lotus itself is hard at work quashing those rumors – attributing most to the people at Noah Joseph

Report
Lotus F1 no longer sponsored by Group Lotus, team to keep name

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.

Report
Adrian Sutil convicted of assault in Germany

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 champagne flute.

Report
F1 driver Adrian Sutil to stand trial in Germany over Shanghai bar fight

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 Re

Report
Proton denies sale of Lotus to Genii Capital

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 with F1 chief Bernie Ecclestone in a bid to buy Saa

Report
Officially Official: Lotus Renault GP rolls up its sleeves

Lotus Renault GP livery – Click above for high-res image

Renault to sell F1 team to Lotus?

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.

Renault F1: Sponsored by... Lada!

Renault R30 F1 car – click above for high-res image gallery

Bernie Ecclestone and Genii Capital looking for another carmaker to buy?

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

Report: Spyker last bidder GM considering for Saab... or is it?

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 apparently haven't given up yet.

Update: Bernie Ecclestone tied to late-breaking Genii Capital bid for Saab

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 decided to postpone a schedu

Renault stays in Formula One after selling stake in team

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