Lotus owner dismisses reports of financial trouble

0 Comments

Lotus F1 Team owner Gerard Lopez has dismissed reports in the media stating that the Enstone-based outfit is on the verge of financial meltdown, setting the record straight in an interview with Autosport.

Lopez made clear that he did not usually respond to such reports, but he felt that it was right to speak out over the inaccuracies.

“In the €120 million debt, anybody half-smart can find out that number by going to Companies House records [in London] and will see that out of that over €90 million is not ‘real’ debt but shareholder loans made to the company,” Lopez explained.

“The salaries have always been paid on time and there has never been even a hint of a potential strike by our people at the factory. We usually don’t comment on these things, but in this case it’s unfair on the people working in the company to be saying things like that.”

The financial stability of Formula One teams has been a focus of the media ever since Sauber’s lack of backing became apparent a few months ago. However, the team appears to have been rescued thanks to fresh investment from Russia, although the exact details are still unknown.

For Lotus, these rumors come at a time when Kimi Raikkonen’s future with the team is still uncertain as he may favor a move to Red Bull in 2014 as a replacement for the retiring Mark Webber.

Formula E announces Portland, Oregon as US race in 2023

Formula E Portland 2023
Andrew Ferraro / LAT Images
0 Comments

The American date for the 2023 Formula E schedule will move from Brooklyn, New York to Portland, Oregon on June 24, 2023, filling the calendar at 16 rounds. This will be the first time in the nine-year history of the series that they have raced on the West Coast in only the third different city in the United States. Miami hosted one Formula E race in 2015. The series has visited the United States every season except 2020 due to the COVID-1+9 pandemic.

The 2023 race will be Round 12.

“We are excited to bring the premier electric motorsport world championship to Portland for the first time in June next year,” said Alberto Longo, Co-Founder & Chief Championship Officer, Formula E in a press release. “There is a big, passionate fanbase for professional sports in the city, together with strong ecological credentials which makes Portland a perfect host for the ABB FIA Formula E World Championship.

“The USA remains an important market for Formula E. We are delighted to maintain that critical presence and engage a new audience in the Pacific Northwest region in all-electric motorsport.”

MORE: McLaren Racing’s Ian James organization’s entry into Formula E

Last year’s American round in Brooklyn was made up of two races with Nick Cassidy from Envision Racing winning Race 1 and António da Costa from DS Techeetah taking the second race.

Portland will host only one Formula E race in 2023.

The 2023 season will be highlighted by the new Gen 3 car, which features a battery capable of generating 350 kilowatts with regeneration capability from both the front and rear axles. This contributes to a top speed of 200 miles per hour (m.p.h.), an increase of about 25 m.p.h. from last year.

The 2023 season also marks the entry of two new iconic teams, Maserati and McLaren, who completed their roster of drivers in late November with the addition of Jake Hughes.

Season 9 Calendar

Round 1:  January 3, Mexico City, Mexico
Rounds 2 & 3: January 27-28, Diriyah, Saudi Arabia
Round 4: February 11, Hyderabad, India*
Round 5: February 6, Cape Town, South Africa*
Round 6: March 8, São Paulo, Brazil*
Rounds 7 & 8: April 22-23, Berlin, Germany
Round 9: May 6, Monaco
Rounds 10 & 11: June 3-4, Jakarta, Indonesia
Round 12: June 24, Portland, Oregon*
Rounds 13 & 14: July 15-16, Rome, Italy
Rounds 15 & 16: July 29-30, London

*subject to final FIA Safety and Technical checks,