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New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Renault close to securing Lotus F1 team

2015-09-28 11:41

LIFELINE FOR LOTUS F1?: Renault could purchase a majority stake in the struggling Lotus F1 team. Image: AP / Joseph Nair

Paris, France - French automaker Renault said on Monday it had signed a letter of intent to take a controlling stake in the cash-strapped Lotus Formula 1 team.

Earlier in September Wheels24 reported that Renault was poised to buy majority stake in the ailing Lotus F1 team.

Renault said it had struck a deal with the Lotus team's current owners Genii Capital and said it marked the manufacturer's "first step towards the project of a Renault F1 team from the 2016 racing season."

Lotus locked out Japanese GP paddock

Due to their financial problems, Lotus were embarrassingly locked out of paddock hospitality at the Japanese GP this weekend (September 26-27) and left anxiously waiting for their engines before the race.

Read: Mercedes await Red Bull, Renault engine news

Despite the pre-race problems, the team's French driver Romain Grosjean finished seventh in the race at Suzuka.

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