Lotus will terminate the contracts of all its European dealerships in July 2012 as part of plans to completely overhaul its dealership network.
Lotus CEO Dany Bahar has written to the Norfolk firm’s entire European dealership network informing them that their contracts will not be renewed and will expire on 18 July 2012.
The sports car firm is acting within the current terms of its dealerships' contracts, which outlines that two-year's notice must be given for termination.
Halfway through Lotus Racing's first Formula One™ season and the team keeps making significant progress in its efforts to close the gap to the established midfield teams. Now, approaching the 2010 Formula One™ Santander British Grand Prix at Silverstone, Lotus Racing is comfortably the fastest of the new teams on the 2010 grid. A number of factors are contributing to the team's quick development, including the burgeoning relationship with LG, the global leader and technology innovator in consumer electronics who became a Technical Partner of the team early in the season.
Heikki Kovalainen talks about the Silverstone track ahead of the British Grand Prix 2010. Insight into a track guide and his thoughts on the race ahead.
The British Grand Prix at Silverstone, the next stop in the 2010 Formula One™ World Championship, will see the iconic green and yellow colours of Lotus Racing make an emotional return to the team’s second home, giving British fans their first chance to see the sport’s fastest new team in full race action at the revised Silverstone circuit. Lotus Racing are looking forward to a very busy weekend on and off the track, aiming to continue their progress towards the midfield with a host of aerodynamic and mechanical upgrades on the cars, giving their third driver Fairuz Fauzy another stint in the cockpit in the first practice session on Friday, and the official launch of their new motorhome in the paddock, with Hazel Chapman performing the opening ceremony on Sunday morning.
