Carter dismisses Lotus F1 Team sale rumors

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Lotus F1 Team CEO Matthew Carter has shrugged off rumors of a possible sale of the operation to Renault, but admitted that everything can be sold at the right price.

Renault is reported to be considering a change in the scale of its involvement in Formula 1, airing the possibility of reviving a works team or pulling out of the sport entirely.

The French marque currently only supplies engines to Red Bull and Toro Rosso, with the latter open to becoming a factory-backed team in the future.

Renault last operated as a works team back in 2009 before selling to what is now Lotus F1 Team, which switched to Mercedes power units for the 2015 season.

Speaking in Friday’s FIA press conference, Carter shrugged off the speculation about a possible sale of the team, saying that the shareholders remain happy with the company.

“I continue to say the same thing: the shareholders have told me that the company isn’t for sale,” Carter said.

“I think I’ve said in the press before that everything is sale for a certain price. That’s as much as I can say.

“I continue to reiterate that we signed a long-term contract with Mercedes Benz and as far as we’re concerned we just continue down that route.

“That last information I heard was that we were going to be sold by the end of May but we’re still here and we’re still the same team.”

Despite making an improved start to the 2015 season since joining forces with Mercedes, Lotus has only scored points on three occasions in the first six races.

However, Carter is not concerned, saying that drivers Romain Grosjean and Pastor Maldonado haven’t had much luck in the opening third of the season.

“I think that there has been a lot of bad luck and yeah, I think we can put it down to bad luck,” he said.

“There have been a few driver issues, a few reliability issues and some bad luck. We’re hoping to turn that round and to try to consistently get both cars in the points.”