Tuesday, 21 July 2015

Lotus avoid administration by reaching agreement with Xtrac

MyF1World
Financially strapped Lotus has avoided being ordered into administration by reaching an agreement with a disgruntled supplier. Earlier in July, a spokesperson for London’s Companies Court confirmed reports that an order to ‘wind up’ the Enstone team had been brought by a creditor. It was confirmed that the unpaid supplier is Xtrac, a transmission specialist. The case […]
Read the full story at GRAND PRIX 247

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