I'm not sure what this means for the F1 team, but it seems likely that the new owners of Proton, DRB-Hicom, are going to sell Lotus Cars. Lotus has never made a profit in the 15 years since Proton bought it and it appears that DRB don't want to plough any more money into it. One rumour is that Genii may buy it.
DRB Hicom GP? Catchy. Bit of a blow to Lotus, especially given their ambitious plans for the next few years.
Well I thought Group Lotus' sale would have some impact on the F1 team, but didn't expect the termination of their sponsorship agreement. Although it does make sense for the new owners of a previously loss-making company to end an expensive sponsorship deal.
Who, me? Joe's Award has repeated a rumour that they're going to sell it to Chinese car company China Youngman.
Lotus have reacted pretty badly to the rumours. Check this out, it's pretty childish. Wouldn't be surprised to see some heads roll at their PR department. Can't wait to see what Joe Saward's reaction will be. I'm kind of glad this has turned up, I think we can all agree that the whole Bahrain thing was starting to get on our collective tits (excuse the phrasing).
I had a thought over the weekend, I wonder if it's possible to start or buy an F1 team using crowd sourcing for funding. May be an opportunity for us here if we could raise the ash that way
Sniff Petrol's response and Joe Saward's response. Joe clearly has taken the high road which was good of him, Sniff Petrol clearly haven't!
