Skip to content

Lotus says it’s set financially for 2014

Jan 20, 2014, 10:30 AM EST

AUTO-PRIX-F1-ABU-DHABI-PRACTICE Getty Images

Lotus says it has its financial house of cards in order for 2014, which would seem to quell the theory the team is missing the Jerez test later this month due to financial reasons.

Team principal Eric Bouiller told Autosport that several meetings over the past few weeks have solidified the team’s financial future, and that it can’t endure a repeat of the money-troubled 2013 campaign.

“I think that the team is in good shape now definitely with some guarantees over the operational finance needs,” he said. “I think now at least for 2014 and a little bit beyond, the team now can stabilize. We can bring a little bit of quietness, so not being as intense but still performing.”

He additionally said the team has a confirmed operating budget in place, rather than waiting on several factors to fall into place as it did last year. The Quantum investment group package was a lingering question mark all throughout 2013; Bouiller said discussions with Quantum are still ongoing into 2014.

It remains to be seen what effect missing the Jerez test will have on Lotus’ performance. The next test after Jerez is in Bahrain in February, where Romain Grosjean and Pastor Maldonado would have their first public run in the new E22 chassis.

Video from NASCAR America

NASCAR America's 2014 blooper reel
Top 10 NASCAR Driver Searches
  1. B. Vickers (2031)
  2. K. Busch (2015)
  3. C. Coughlin (1925)
  4. D. Armstrong (1678)
  5. L. Cassill (1507)
  1. A. Self (1421)
  2. R. Black Jr. (1417)
  3. B. Kennedy (1275)
  4. D. Suarez (1160)
  5. M. Tifft (1108)