BREAKING NEWS

Tech

Brand Update

Desi Brand

Renault sells Formula One stake to Lotus

French car company Renault has sold its remaining shares in the Renault Formula One team, which will race as Lotus Renault GP next year under a long-term partnership with the Malaysian-owned sportscar company. Renault was left with a 25 per cent shareholding in the team in 2010 after selling the remainder to private investment group Genii Capital. Those shares have been sold to Genii and will be then taken by Proton, parent company of Lotus Cars.
 
Copyright © 2013 Bizdom