- Login or Register
No account yet? Sign up
Lotus F1 Team and Mercedes AMG High Performance Powertrains have announced a long-term supply agreement which will see Lotus F1 Team utilizing the Mercedes-Benz Power Unit from the start of the 2015 season until the end of the current Power Unit generation.
yep,just had something on twitter 2 mins ago from SKYHolm86 wrote:Its confirmed that Saxo Bank is a new Lotus F1 sponsor. No mentioning of size or lenght of the contract.
The beleaguered Lotus team have announced a new sponsorship deal with Saxo Bank, a Danish investment institution.
Although the financial terms of the arrangement are unknown, the news is a welcome and pressure-relieving fillip for the struggling Enstone-based outfit.
It was revealed last week that, despite finishing fourth in the Constructors' Championship, the team had accumulated debts in excess of £100m during 2013 and talks had been terminated with the Quantum Motorsport consortium about acquiring a 35% stake.
Despite new recruit Pastor Maldonado being attached to significant sponsorship backing, concerns about Lotus's future have heightened this month. The team are to miss the upcoming Jerez test, while their inclusion on the official entry list for the new season was marked as 'subject to confirmation'.
"We are delighted to begin a relationship with Saxo Bank, a fast-growing online trading and investment specialist who have demonstrated strong support in sport through sponsorships in the world of cycling at the highest level with Team Tinkoff-Saxo," said team boss Eric Boullier.
"Saxo Bank is taking an exciting and proactive approach to this new partnership with Lotus F1 Team and we are looking forward to enjoying a long and fruitful relationship."
Lotus are yet to confirm a launch date for their 2014 charger but have indicated it will be unveiled prior to the first of the two Bahrain tests in February.
iotar__ wrote:Like Lopez wasn't de facto running this team - not on operational but on policies/big decisions level, see the whole one driver exists (Raikkonen) team failure of the last 1,5 season. The problem is timing and that he's going to be likely part-time team principal, which means someone else or no one will be doing the job day to day.
Have they announced anyone for TP since Brawn left? i've completely forgotten.skoop wrote:if grey means the colour of the new team it has to be mclaren or merc. it would be pretty cool if mercedes would come to jerez on the 28th and say "oh btw we hired eric boullier" like it's a totally normal thing
Lauda and Wolff I think.oT v1 wrote:Have they announced anyone for TP since Brawn left? i've completely forgotten.skoop wrote:if grey means the colour of the new team it has to be mclaren or merc. it would be pretty cool if mercedes would come to jerez on the 28th and say "oh btw we hired eric boullier" like it's a totally normal thing