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F1 : Eric Boullier – Genii and not Group Lotus own the Renault Formula 1 team


“Renault decided to re-focus its resources in Formula 1 and sold its remaining 25 percent to Genii Capital,” team boss Boullier confirmed.

He said the long term agreement signed with Lotus is essentially for sponsorship at present but that it could “lead to Lotus Cars becoming a shareholder” at a later date.

Meanwhile, Boullier revealed that while the R31 car will debut at Valencia next month, he is not yet sure if Magneti Marelli’s KERS equipment will be fitted to the car at that stage.

via F1 : Eric Boullier – Genii and not Group Lotus own the Renault Formula 1 team.

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