Notice: Trying to access array offset on value of type bool in /home/thecheck/public_html/wp-content/themes/inhype/content-single.php on line 24

Lola Cars Applies To Enter Administration

1 Mins read
Lola's latest closed coupe prototype debuted at Spa-Francorchamps (Photo Credit: Lola)

Lola's latest closed coupe prototype debuted at Spa-Francorchamps (Photo Credit: Lola)

Lola Cars has taken a step toward entering administration by issuing Notices of Intent to appoint a administrator for the Cambridgeshire based company. Decisions with potential investors or purchasers continue.

In a statement the company blamed the economic downturn and the decision of HMRC not to pay congaing R&D tax credits for the tough decision.

While, though Lola Composites, the company makes components for the defence, aerospace, communications, renewable energy markets the company remains perhaps best known for its automotive projects.

Once prolific builders of single-seater cars in recent season the firm has been best represented by their closed coupe and open top sportscars, the latest generation of which debuted with Rebellion Racing at the Six Hours of Spa-Francorchamps this month, where it helped the Swiss team beat their petrol powered competition and score fifth overall.

2902 posts

About author
James is our Diet-Coke fuelled writer and has been with TCF pretty much since day 1, he can be found frequenting twitter at @_JBroomhead
Related posts
ADAC GT MastersFormula 1GT World ChallengeIntercontinental GT ChallengeSportscars

Mercedes AMG to work more closely with Mercedes AMG Petronas Formula 1 Team

3 Mins read
Mercedes AMG have announced a re-structuring, which involves the sportscar department and the Formula 1 department working more closely together, as well as integrating the E-sports team into factory life.
Nurburgring 24 HoursN├╝rburgring Endurance SeriesSportscars

Sabine Schmitz: 1969 - 2021

1 Mins read
The racing world is mourning the loss of a legend today after the news that Sabine Schmitz has lost her long battle with cancer.
British GTGT World ChallengeSportscars

SRO Motorsports Group Launch Road to Carbon Neutrality

1 Mins read
SRO Motorsports Group, organisers of #GTWorldChEU and #BritishGT, have announced a roadmap to carbon neutrality by 2023.

Leave a Reply