JULY 14, 1997
Lotus hunting for cash
Lotus is a famous racing name and Hunt is hoping that this reputation and the interest being shown in F1 by large financial institutions will result in him being able to find the money to launch a revived team. "We have always maintained we would not bring the great brand name back to Formula 1 unless there was a proper budget and a real probability of adding to TeamÊLotus' illustrious heritage," Hunt said last weekend. "Everything is coming together positively and, together with our partners, we will be making a more detailed announcement before too long."
Hunt is believed to be trying hard to get support for his scheme from the Malaysia's Proton car company which bought 80% of Group Lotus in October last year.
Proton has expanded Lotus's production of the Elise sportscar with the intention of building the cars in factories in Malaysia in the future.