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 Cosworth and Lotus terminate engine contract

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SuperMeg

SuperMeg


Posts : 248
Join date : 2010-06-28
Age : 26

Cosworth and Lotus terminate engine contract Empty
PostSubject: Cosworth and Lotus terminate engine contract   Cosworth and Lotus terminate engine contract I_icon_minitimeSat Oct 02, 2010 2:03 pm

Cosworth confirmed on Friday that they have officially agreed to end their engine-supply agreement with Lotus. Cosworth’s support for the team will cease at midnight on November 30, 2010.

The decision to terminate the partnership after just one of the originally contracted three years was driven by Lotus’s desire to solve reliability and performance issues unrelated to Cosworth’s engines and the team are widely expected to use Renault power in 2011.

“Lotus Racing and Cosworth have agreed settlement terms satisfactory to both parties to secure an early termination of the agreement,” read a Cosworth statement. “Cosworth wishes Lotus Racing success in the future.”

Cosworth will continue to supply engines to Williams, Virgin and HRT in 2011, thereby supporting 25 percent of the teams in Formula One.
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baguio3

baguio3


Posts : 137
Join date : 2010-06-18

Cosworth and Lotus terminate engine contract Empty
PostSubject: Re: Cosworth and Lotus terminate engine contract   Cosworth and Lotus terminate engine contract I_icon_minitimeMon Oct 04, 2010 2:58 pm

nice
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