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Lola gone bust :-(
britishtrident - 16/5/12 at 07:27 PM

Sad to say Lola have gone bust part of the problem is down to HMRC not paying R&D tax credits.


Fred W B - 16/5/12 at 07:33 PM

http://www.autocar.co.uk/car-news/industry/lola-cars-enter-administrati on


theconrodkid - 16/5/12 at 07:37 PM

they made some beautifull and sucesfull cars,good old hmrc eh?


theduck - 16/5/12 at 08:51 PM

I know of at least one company looking into a rescue deal. Cant say anymore at the moment...


greggors84 - 16/5/12 at 09:16 PM

quote:
Originally posted by theduck
I know of at least one company looking into a rescue deal. Cant say anymore at the moment...


Caterham/Tony Fernandes?


theduck - 16/5/12 at 09:25 PM

Nope.


steve m - 16/5/12 at 09:31 PM

Ford


RK - 16/5/12 at 10:57 PM

Doesn't anybody in GB have any money to own car companies anymore? Are ALL of them going to owned by Asians or Americans?


theduck - 17/5/12 at 06:39 AM

Company I mentioned is English...


SCAR - 17/5/12 at 06:47 AM

Tie in nicely with Ginetta's operation
Just stick a Lola badge on their existing cars
bang! an extra 20k each


Ninehigh - 17/5/12 at 06:50 AM

Problem is who buys new cars?


SCAR - 17/5/12 at 07:08 AM

Worldwide estimate for 2012 is about 165,000 people per day
Thats 60,000,000 per year, so quite a few then
OK thats worldwide but a tiny tiny bit of that pie is worth while

Strange cos I dont know any of them either


David Jenkins - 17/5/12 at 08:00 AM

As they said on the BBC news this morning - Lola has NOT gone bust, just gone into administration. They're still in business, but need to get their finances under control.

They will continue until they can find a buyer, or arrange some sort of financial deal. If that fails, THEN they've gone bust.


wilkingj - 17/5/12 at 08:40 AM

quote:
Originally posted by Ninehigh
Problem is who buys new cars?


Leasing Companies!!

Very few companies or even people buy new cars.