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SBD Global/October 18, 2012/Finance

British Racing Car Brand Lola Is Set To Stay Alive Under New Operators

British racing car brand, Lola, "is set to live under a new set of operators," according to SPEED. Lola Group Holdings, owner of the Lola brand and intellectual property, is "not affected by the company's fall into administration." LGH "is believed to have reached a licensing agreement with Multimatic Engineering and Haas Auto to use the brand's name and intellectual property." In addition, it is understood that the existing assets of Lola Cars that were up for sale by the joint administrators have "also been acquired by two companies, including the current stock and inventory of Le Mans Prototype parts and tooling to continue production and customer support." LGH declined comment on the believed acquisition (SPEED, 10/16). MOTORSPORT-TOTAL.com's Mario Fritzsche reported that Lola's World Endurance Championship customers "reacted to the recent developments in a calm manner." Swiss-based WEC Rebellion Team Principal Bart Hayden said that "the team plans on racing the current Lola Coupe type B12/60 also in the upcoming season." Hayden said, "If we continue with these cars next year, which I think would be the most-likely scenario, it's a question of really identifying early what the likely part requirement will be for the season and getting those orders in early because all of those parts have long lead times." Hayden estimated the possibility of using the current cars also during '13 WEC season to be "90%" (MOTORSPORT-TOTAL.com, 10/17).
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