Caterham, Lotus not behind on payments

Renault_logoFollowing comments from Renault’s F1 president Jean-Michel Jalinier that some teams had been late with paying for their 2014 engines, speculation had centred on its being the outfits from Enstone and Leafield.

However, both teams insist that they are fully on course with their schedule.

A Lotus spokesman told AUTOSPORT: “We have an agreement with Renault Sport F1 for the payment of our power unit for 2014. We are 100 per cent up to date with our agreement.”

Caterham team principal Cyril Abiteboul added: “It’s a confidential issue but I’m happy, since I’m on time, to say that we are settled with invoices with Renault Sport F1.”

With Renault’s other teams, Red Bull and Toro Rosso, owned by the wealthy energy drinks company it is unlikely that those outfits would have not been able to afford the bills either.

It may be, though, that some outfits have previously been late with payments which has upset Renault.

 

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