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Renault customer Formula 1 teams Lotus and Caterham insist that they are up to date with their payments to the French car manufacturer.
Following comments from Renault’s F1 president Jean-Michel Jalinier that some teams had been late with paying for their 2014 engines, speculation had centered on the Lotus squad and the other team that had previously gone by that name. However, both insist that they are fully on course with their schedule.
“We have an agreement with Renault Sport F1 for the payment of our power unit for 2014,” insisted a Lotus spokesman. “We are 100 percent up to date with our agreement.”
Caterham team principal Cyril Abiteboul added: “It’s a confidential issue but I’m happy, since I’m on time, to say that we are settled with invoices with Renault Sport F1.”
With Renault’s other teams, Red Bull and Toro Rosso, owned by the wealthy energy drinks company, it is unlikely that those outfits would have not been able to afford the bills either. It may be, though, that some squads have previously been late with payments, which has upset Renault.
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