At the end of last week, Citing sources, the highly respected correspondent for Germany’s Auto Motor und Sport, Michael Schmidt reported that, Renault looks set to announce its return to full works team status in formula one at the Abu Dhabi finale next month.
In an interview with F1’s official website if the historic Lotus name would disappear from the grid once the takeover is completed, Enstone team’s CEO Matthew Carter replied: “If the deal with Renault goes through, then yes.
“Renault issued a letter of intent, so behind the scenes the Renault and Lotus senior management are working flat out to make sure that we get the deal done.”
. “Things are progressing, but these things take time. I am confident that the deal is going to happen, but as I said, it needs time to get it across.”
“Then the team will not be called Lotus – then the name will fall out of Formula 1. Right now we have a license to use the name Lotus – and that license will be terminated. So someone else could go for that name!” Carter added.
F1 supremo Bernie Ecclestone warned that “It could be December until the decision is made”, but sources have now told Schmidt that the deal to take over Lotus is effectively already done.
Indeed, Renault has reportedly been signing long-term deals with staff, the final engine development for Red Bull this year was approved, and a debt owed by financially-troubled Lotus has been repaid.
“We’re working hard behind the scenes and we’ll have some good strong and positive announcements to make in due course,” said Lotus deputy boss Federico Gastaldi.