506 replies to this topic

[Marklar]

Hmm...

 

[KWSN - DSM]

And once again Autosport the supposed authority on Auto racing is not covering it?? The Spa 'impoundment' they got around to a week after everyone else had run the stories, will this be in the race re-cap? Lotus continuing to have fiscal issue, even after Renault engineers have started work in Enstone is a HUGE story, the silence is deafening.

 

[Maustinsj]

Marklar, on 11 Nov 2015 - 19:59, said:

Hmm...

 

 

Lotus isn't in trouble, this is, erm...probably some gate salesman trying to interest them in his wares... 

[Gilles4Ever]

Albert Fabrega ES ‏@AlbertFabrega  4m4 minutes ago

La situación se desbloquea en Lotus. Luz verde para volver al trabajo.

Translated from Spanish by BingWrong translation?

 

The situation is unlocked in Lotus. Green light for return to work

 

 

[MustangSally]

Oh dear. Palmer's money has run out already.

[KWSN - DSM]

MustangSally, on 11 Nov 2015 - 21:15, said:

Oh dear. Palmer's money has run out already.

 

Or Pastors check did not clear.

 

[MustangSally]

KWSN - DSM, on 11 Nov 2015 - 21:16, said:

Or Pastors check did not clear.

 

 

It's tricky of course when it all goes via a black hole in Luxembourg.

[Gareth]

KWSN - DSM, on 11 Nov 2015 - 21:16, said:

Or Pastors check did not clear.

 

PDVSA would be nuts to send a check to a company that's in insolvency proceedings.  I'd imagine they would only pay up when (if) the Renault deal is done.

[Marklar]

Well PDVSA is already nuts for sponsoring Maldonado, so...

[Fatgadget]

Marklar, on 12 Nov 2015 - 09:25, said:

Well PDVSA is already nuts for sponsoring Maldonado, so...

Yeah, but look at the amount of publicity they are getting!...Any publicity is good publicity - right?!

[Marklar]

Fatgadget, on 12 Nov 2015 - 10:21, said:

Yeah, but look at the amount of publicity they are getting!...Any publicity is good publicity - right?!

Good point. Especially as PDVSA image cant get any worse anymore

[Felix]

KWSN - DSM, on 11 Nov 2015 - 20:02, said:

And once again Autosport the supposed authority on Auto racing is not covering it?? The Spa 'impoundment' they got around to a week after everyone else had run the stories, will this be in the race re-cap? Lotus continuing to have fiscal issue, even after Renault engineers have started work in Enstone is a HUGE story, the silence is deafening.

 

Absolute RUBBISH: Autosport broke the Spa impoundment - http://www.autosport...t.php/id/120397

Edited by Felix, 12 November 2015 - 10:46.

[KWSN - DSM]

Felix, on 12 Nov 2015 - 10:44, said:

Absolute RUBBISH: Autosport broke the Spa impoundment - http://www.autosport...t.php/id/120397

 

Not quite.

 

Dieter wrote an article on Friday before the race that Lotus 'could' face an impounding of their material after the race, I am no Journalist and I am no news source, however would in some way, shape or form expect news coverage of such a story to be followed by one mentioning the factual impounding of the material, which Autosport decidled did NOT.

 

Race on August 23rd no story of impounding

Day after race August 24th various media report Lotus held in the Spa paddock, no report on Autosport.

2 days after race August 25th various media continue to report Lotus held in Spa paddock, no report on Autosport.

3 dats after the race August 26th various media continue to report Lotus situation, no report on Autosport.

 

So I disagree with your post.

 

[ardbeg]

Autosport has acted like a PR company for powers of motorsports for some years now. In my opinion. I think they print what they are asked to and if they come up with something themselves they ask before they publish. When was the last time they led with something controversial?

[Felix]

KWSN - DSM, on 12 Nov 2015 - 11:40, said:

Not quite.

 

Dieter wrote an article on Friday before the race that Lotus 'could' face an impounding of their material after the race, I am no Journalist and I am no news source, however would in some way, shape or form expect news coverage of such a story to be followed by one mentioning the factual impounding of the material, which Autosport decidled did NOT.

 

Race on August 23rd no story of impounding

Day after race August 24th various media report Lotus held in the Spa paddock, no report on Autosport.

2 days after race August 25th various media continue to report Lotus held in Spa paddock, no report on Autosport.

3 dats after the race August 26th various media continue to report Lotus situation, no report on Autosport.

 

So I disagree with your post.

 

Autosport's report from 21 August does not say Lotus COULD face an impoundment order but clearly says they DID face an impound order:

 

In trying to expedite matters, Pic yesterday managed to acquire an attachment order from a Belgian court that effectively prevents Lotus' cars and equipment from leaving the circuit come the conclusion of the grand prix.

 

And in this regard Autosport was first, and clearly your comment "The Spa 'impoundment' they got around to a week after everyone else had run the stories, will this be in the race re-cap?" is wrong. That is the point - how could anyone predict before the race whether the cars would leave if Lotus COULD settle with Pic? 

[Marklar]

Is that about Lotus or Autosport now?

[KWSN - DSM]

Felix, on 12 Nov 2015 - 12:02, said:

Autosport's report from 21 August does not say Lotus COULD face an impoundment order but clearly says they DID face an impound order:

 

In trying to expedite matters, Pic yesterday managed to acquire an attachment order from a Belgian court that effectively prevents Lotus' cars and equipment from leaving the circuit come the conclusion of the grand prix.

 

And in this regard Autosport was first, and clearly your comment "The Spa 'impoundment' they got around to a week after everyone else had run the stories, will this be in the race re-cap?" is wrong. That is the point - how could anyone predict before the race whether the cars would leave if Lotus COULD settle with Pic? 

 

You are not reading what I write, and what I wrote at the time. The question is not what was written before the weekend, the question is why the Autoracing authority did not cover the fact that Lotus was impounded in the paddock after the race, you can re-read what I wrote and that is exactly my 'issue' then, it is my 'issue' now. Yesterday Lotus was for a time locked out of their garage, this was covered by other news media and there is as of yet nothing reported by Autosport.

 

I am old fashioned, and of the belief that a news outlet should cover the news, you and others not subscribing to that is your own choice, it does however not change 1 iota of my factual statements, then, yesterday and today.

 

[KWSN - DSM]

Marklar, on 12 Nov 2015 - 12:05, said:

Is that about Lotus or Autosport now?

 

It is about Lotus being locked out, and some media deciding not cover it.

 

[GhostR]

KWSN - DSM, on 12 Nov 2015 - 14:56, said:

You are not reading what I write, and what I wrote at the time. The question is not what was written before the weekend, the question is why the Autoracing authority did not cover the fact that Lotus was impounded in the paddock after the race, you can re-read what I wrote and that is exactly my 'issue' then, it is my 'issue' now. Yesterday Lotus was for a time locked out of their garage, this was covered by other news media and there is as of yet nothing reported by Autosport.

 

I am old fashioned, and of the belief that a news outlet should cover the news, you and others not subscribing to that is your own choice, it does however not change 1 iota of my factual statements, then, yesterday and today.

 

 

Zero coverage of Hamilton's late arrival to Brazil and the reasons for that, as well. Plenty of other high profile verified news stories floating around on other sites that have, as yet, made no appearance on Autosport either (a few differing angles updating news on the EU complaint, for example).

 

To be fair, though, there's a few bits that Autosport have reported that I've not seen elsewhere. So they're not completely empty. For me, it just feels that the editors here are too scared of rocking the boat even a little. 

[Marklar]

I've started a new thread about the Autosport topic in the Website feedback thread, I think its better to discuss it there as it has not much to do with the actual topic

 

http://forums.autosp...evant-coverage/

Edited by Marklar, 12 November 2015 - 15:35.

[Felix]

KWSN - DSM, on 12 Nov 2015 - 14:57, said:

It is about Lotus being locked out, and some media deciding not cover it.

 

Now in Sao Paulo is a different issue - the fact is that Autosport reported FIRST on the Lotus impoundment in Spa whereas you said they ignored it. If anyone is not reading things, its you.

 

If in doubt, this is your statement: The Spa 'impoundment' they got around to a week after everyone else had run the stories, will this be in the race re-cap?

[KWSN - DSM]

Felix, on 12 Nov 2015 - 16:01, said:

Now in Sao Paulo is a different issue - the fact is that Autosport reported FIRST on the Lotus impoundment in Spa whereas you said they ignored it. If anyone is not reading things, its you.

 

If in doubt, this is your statement: The Spa 'impoundment' they got around to a week after everyone else had run the stories, will this be in the race re-cap?

 

I can't help if you do not comprehend what I wrote, potential versus actual,it really is very very simple if you apply yourself.

 

Lotus have yet to go bankrupt, they are however once again locked out of their garage for a period of time before a Grand Prix, yes I do find that note and news worthy, and yes I do see this as a significant story line in regard the overall health of F1, and yes I do expect an authority of Autoracing to cover it.

 

[FredF1]

KWSN - DSM, on 12 Nov 2015 - 16:08, said:

I can't help if you do not comprehend what I wrote, potential versus actual,it really is very very simple if you apply yourself.

 

Lotus have yet to go bankrupt, they are however once again locked out of their garage for a period of time before a Grand Prix, yes I do find that note and news worthy, and yes I do see this as a significant story line in regard the overall health of F1, and yes I do expect an authority of Autoracing to cover it.

 

 

Exactly. It makes it look like it's such a common issue that there's no point in talking about it because all teams get locked out of their pit garages every Grand Prix don't they?

[SophieB]

KWSN - DSM, on 12 Nov 2015 - 16:08, said:

I can't help if you do not comprehend what I wrote, potential versus actual,it really is very very simple if you apply yourself.

 

Lotus have yet to go bankrupt, they are however once again locked out of their garage for a period of time before a Grand Prix, yes I do find that note and news worthy, and yes I do see this as a significant story line in regard the overall health of F1, and yes I do expect an authority of Autoracing to cover it.

 

 

Please take your complaints about Autosport's reporting to Marklar's thread in website feedback. 

[Fatgadget]

KWSN - DSM, on 12 Nov 2015 - 16:08, said:

I can't help if you do not comprehend what I wrote, potential versus actual,it really is very very simple if you apply yourself.

Lotus have yet to go bankrupt, they are however once again locked out of their garage for a period of time before a Grand Prix, yes I do find that note and news worthy, and yes I do see this as a significant story line in regard the overall health of F1, and yes I do expect an authority of Autoracing to cover it.

Can anyone shed some light why these lock-outs? It's not like they have to pay some rent up front for their garage is it now? !

[Cig35]

Unpaid bills from last year's race could be a possibility

[Felix]

KWSN - DSM, on 12 Nov 2015 - 16:08, said:

I can't help if you do not comprehend what I wrote, potential versus actual,it really is very very simple if you apply yourself.

 

Lotus have yet to go bankrupt, they are however once again locked out of their garage for a period of time before a Grand Prix, yes I do find that note and news worthy, and yes I do see this as a significant story line in regard the overall health of F1, and yes I do expect an authority of Autoracing to cover it.

 

I subscribe to Marker's motto in his sign-off line, so no more to say to you.

 

As for FredF1's comment about all teams getting locked out every grand prix: They don't, but the team in this thread does, which makes it no-news.

Edited by Felix, 12 November 2015 - 20:48.

[Gilles4Ever]

Bernie Ecclestone's FOM paid Lotus debt

From Vanessa Georgoulas - 12.11.2015-21: 50

The Lotus team was able on Thursday to resume work. The reason: lack of payment was made - but not by the team from Enstone, Bernie Ecclestone's FOM but because stepped in.

 

Once again, the little man is involved with the big wallet: How Blick.ch reported to the Formula One Management have paid the missing amount. The company, which manages the operations of the Champions League and its president and chief executive Bernie Ecclestone is said to have given the GP organizers $ 353,000 (about 328,000 euros), paid a demand from the previous year.

The amount gets Lotus but not paid, he shall be deducted the end of the year, when the points bonuses are made to the team. The fact that the financial problems of Lotus Renault through the repurchase of the world could be made, Ecclestone will not believe: "I would not bet that Renault Lotus really takes over."

 

http://www.speedweek...s-Schulden.html

[MustangSally]

So. Renault has still not put any money down. 

 

Lotus is obviously running on empty in terms of cash, despite an up front payment from Palmer. 

[MustangSally]

Gareth, on 12 Nov 2015 - 09:22, said:

PDVSA would be nuts to send a check to a company that's in insolvency proceedings.  I'd imagine they would only pay up when (if) the Renault deal is done.

 

I read that the PDVSA money is supposed to arrive in November, in advance for the following year.

 

It's a huge amount of money . . . reportedly seventy million dollars . . . . if the mechanics are still looking around for their egg and chips, it suggests that it hasn't arrived.

[BRG]

It's only the 12th of the month, plenty of time.  And the post from Caracas is notoriously slow.  

 

Though not as slow as the post from Salt Lake City which still hasn't been delivered. 

[Lotus53B]

Back in the 1970s, my Dad was subscribed to MotorSport magazine,which I always used to read* - he kept his sub up till I left to go to University, and I have to say back then, it wasn't just one team that were running, one jump ahead of the bailiffs...

 

What goes around, comes around...

[Donka]

MustangSally, on 12 Nov 2015 - 22:04, said:

I read that the PDVSA money is supposed to arrive in November, in advance for the following year.

 

It's a huge amount of money . . . reportedly seventy million dollars . . . . if the mechanics are still looking around for their egg and chips, it suggests that it hasn't arrived.

 

The Saudi's keep pumping while the Venezuelan's have eaten up their cash reserves and are now converting their gold holdings.  $70mil is a decent amount for a country with $12-14bil in current debt obligations.

[Gilles4Ever]

AMS F1 News @ams_formula1

Ecclestone worried Lotus takeover by Renault will not happen before December - or never. AMuS: bit.ly/1NPTXs3 #f1

[Ross Stonefeld]

Donka, on 12 Nov 2015 - 22:43, said:

The Saudi's keep pumping while the Venezuelan's have eaten up their cash reserves and are now converting their gold holdings.  $70mil is a decent amount for a country with $12-14bil in current debt obligations.

 

It's up to 70m now?

[FredF1]

Gilles4Ever, on 13 Nov 2015 - 14:54, said:

 

AMS F1 News @ams_formula1

Ecclestone worried Lotus takeover by Renault will not happen before December - or never. AMuS: bit.ly/1NPTXs3 #f1

 

 

 

So Bernie played hardball over the historic payments impasse a bit too much and now Renault think "Sod this."

 

 

Still, it'll be fun to watch him try and block out tv coverage of the rear ends of the Red Bull and Toro Rosso cars this weekend to punish Renault.

[Marklar]

Apparentely Briatore is trying to convince Ghosn to not buy Lotus. LOL

[KWSN - DSM]

Marklar, on 13 Nov 2015 - 15:36, said:

Apparentely Briatore is trying to convince Ghosn to not buy Lotus. LOL

 

What stake does Briatore have in that? Why would Ghosn listen to him?

 

[Marklar]

KWSN - DSM, on 13 Nov 2015 - 16:02, said:

What stake does Briatore have in that? Why would Ghosn listen to him?

 

According to AMuS Ghosn doesnt care much about F1. He has a few advisors: Abiteboul and Prost want to convince him to buy Lotus, Briatore to not buy them.

[Ross Stonefeld]

You're running one of the world's largest car companies and you're taking advice from Prost and Briatore? Is this how it really works at CEO level?

[Marklar]

Ross Stonefeld, on 13 Nov 2015 - 16:07, said:

You're running one of the world's largest car companies and you're taking advice from Prost and Briatore? Is this how it really works at CEO level?

He doesnt care about F1. It is his last priority.

[EvilPhil II]

This is what he cares about... http://www.renaultusa.com/

 

And there will be no US GP... and a far cheaper way to meet that market. 

 

Watch this space. 

[FLB]

Actually,Ghosn problably cares most about three things:

 

1. The (full) merger he wants between Renault and Nissan, which is currently being blocked by the French minister of Economy, Emmanuel Macron;

2. Whatever impact the VW Dieselgate is going to have on diesel regulations throughout the world (Renault is quite competitive on the diesel market) ;

3. How can Renault benefit from what is happening to VW.

 

F1 is likely not even on his worklist, except maybe as a minor 5-minute discussion at the coffee machine.  

[Jon83]

Bernie

[KWSN - DSM]

Think we are drifting here, but with Renault being the only prospective savior we know about should be okay I think.

 

I can not imagine that Renault entering F1 is something for the coffee machine, we know that Mercedes supplying Red Bull or not was a Board decision, number of employee's in a F1 team and related engine development is minuscule compared with the number of other divisions, plants and general activities of the group. It will however invariably become the face of Renault, despite there being no French Grand Prix currently, the French F1 market is big, the public perception of F1 in France is big, and much as Renault may have become a multinational conglomerate, it is a French company and have to have that as part of considerations.

 

US Market and Renault is as far as I know non-existing, so that for now is not part of any discussion, entering the US market would be a HUGE undertaking since their cars likely are not build to US standards.

 

Renault entering F1 is a very calculated step to take, it is taking on the might of Mercedes and Honda as manufacturers. Ferrari is in that regard an aside, they will be the sporting measuring stick, the other two will be the market driven measuring stick. It will be a multi billion USD endeavor, which absolutely positively will not be decided on any other place than at a board meeting.

 

[FLB]

And in other news, I don't know if he's actually there, but Gérard Lopez is on the entry list of the Classic Daytona 24H this weekend... so presumably not in Interlagos.

[TennisUK]

He's hardly been to any races this year at all anyway.

Don't read too much into Bernie's comments. He often says the opposite of what he actually thinks will happen. Nothing he says is by accident.

[Fastcake]

Ross Stonefeld, on 13 Nov 2015 - 16:07, said:

You're running one of the world's largest car companies and you're taking advice from Prost and Briatore? Is this how it really works at CEO level?

 

I'll be surprised if Briatore is even allowed into Renault headquarters nowadays.

 

FLB, on 13 Nov 2015 - 18:03, said:

And in other news, I don't know if he's actually there, but Gérard Lopez is on the entry list of the Classic Daytona 24H this weekend... so presumably not in Interlagos.

 

Gerard Lopez doesn't have much to do with the team anymore, beyond being a shareholder of an unknown stake. He has only been to Monaco and Singapore this year, and only turned up then for the obvious reasons. Matthew Carter is the one who has been running the team for the past year or so.

Edited by Fastcake, 13 November 2015 - 20:17.

[eREr]

Friday's PC from Brasil:

 

"Q: Federico, speaking of change, can you update us on the takeover by Renault? Do you have any Renault employees already at Enstone and when do you hope the final announcement will be made? 

FG: Well, that's pretty much a call that has to be done from Renault. All the bits and pieces are there, yes, we do have people since Singapore working there already so when it will be announced is their call."

.

.

"Q: (Joe Saward - Grand Prix Special) Just to ask all of you, what engine do you think you'll be using next year? 

GL: Whatever's in my road car! The team will have Mercedes engines next year.

FG: Renault.

MK: Ferrari.

FT: A V6 turbo engine, new regulation.

PM: You'll know when we do."

 

http://www.formula1....e---brazil.html

[Peter0Scandlyn]

I think the thread title should be changed to 'Lotus Goes Bankrupt Slooooowly'