Renault's takeover of Lotus F1 Team may eventually happen after the Renault Group and Gravity Motorsports S.a.r.l. announced the signature of a Letter of Intent in acquiring a potential controlling stake in the British-based team.
According to the company, this marks Renault's first step in making a Renault Formula 1 team that may participate in the 2016 season of the motorsport.
Exact details about the Renault-Lotus deal are yet to be revealed, but Renault Group did say that both it and Gravity Motorsports will work together in the coming weeks to make 'the initial undertaking into a definitive transaction provided all terms and conditions are met between them and other interested parties.'
Previously, we reported that Lotus F1 racing driver Romain Grosjean was waiting for the new Renault F1 team to takeover Lotus. But with several delays, Grosjean hinted that he may move on to another team if Renault does not acquire Lotus by the end of September.
Related Posts
2026 Makabayan Endurance Race Challenge Series Round 1 postponed
Makabayan Endurance Race Challenge Series organizers postpone 2026 4 Hour Kagitingan Cup to a later date
2026 Toyota GR Philippine Cup season put on hold due to fuel crisis
Toyota Motor Philippines announces TGR Philippine Cup events on hold until further notice
Fuel Crisis: AAP-sanctioned motorsport events in PH temporarily suspended
Motorsport events in PH sanctioned by AAP suspended after BBM declares state of national energy emergency
Not Kidding: BMW is racing an M3 Touring at 24 Hours of Nurburgring
After an overwhelming response from fans, BMW will indeed race an M3 Touring at Nurburgring 24H
F1 cancels 2026 Bahrain & Saudi Arabian GPs due to Middle East tensions
After the 2026 Japanese Grand Prix on March 29, the next race will be the Miami Grand Prix on May 4
Report: BYD looking to make F1 bid, enter motorsports?
BYD reportedly wants to boost its brand appeal by entering motorsports