NOVEMBER 22, 2001

Prost in receivership

Prost Grand Prix has, as we predicted, been placed in "redressement judiciare" by a court in Versailles.

PROST GRAND PRIX has, as we predicted, been placed in "redressement judiciare" by a court in Versailles. The team will now have six months during which it needs to come up with a plan to save the business or else it will be closed down and whatever money can be raised will be used to pay off debts.

More follows later.