Le Mans » Administrators fail to save Lola Cars

Lola Cars International goes to the wall as administrators fail to find a buyer

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shaken - Unregistered

October 09, 2012 9:58 PM

Very sad day. And what about about all the ex-champs (from F1/IndyCar/Cart/LeMans etc) who couldnt have a 'money raising day' to save the company. They are all too mean and tight fisted. How sad.

SP3 - Unregistered

October 09, 2012 11:04 PM

the real sign of the times is that everything is either spec or will be soon. Unless a chassis/engine/component mfr can land a deal supplying a series, there is no hope of survival. The number of series open to sell these items is smaller than ever and shrinking fast. It was better when there was competition with the resultant 'survival of the fittest' rather than the survival of those who can schmooze a deal.


October 10, 2012 2:32 AM

And sadly the chance for innovation, or someone with a new idea, is fading away too. Just as drivers need a learning series to raise new talent, so too do constructors and chassis designers. The safe design now is a me-too copy, but that in the long term helps no one.

Dick - Unregistered

October 10, 2012 6:04 AM

Shaken. Why should people donate (throw away) money to a business that is not working?

Clearly something fundamental needs to change. Throwing money at it will keep some staff in a job for a while, but it's just going down the drain if the numbers don't stack up.

Just Observing - Unregistered

October 10, 2012 9:03 AM

Nothing to do with a business not working... try a government that shafted them due to some weird tax laws and wanting millions of pounds returned, money that the company was entitled too until the government changed it's mind... and lets not forget Lord Drayson... who is rumored to have stiffed Lola of nearly a million pounds worth of development costs for his pointless electric car

See how well you could run a company in that situation...

KGBVD - Unregistered

October 10, 2012 6:55 PM

This company failed in the 90s.
It's F1 approach was garbage, and it never recovered.

The closure is inevitable. Sad from a historical point of view, but if mgmt can't cope it, then the company fails and everyone moves on.

Will anyone REALLY miss them??? How many ppl remember buying their first Lola, or watching their favourite Lola driver win a grand prix or a rally??? OH no wait...

That's right, this company was just a supplier. Like Renard, Magnetti Marelli, or Carbon Composites. Would anyone miss them?

Honestly, in the end of it all, who cares?

David Chaste - Unregistered

October 11, 2012 8:01 AM

The past few years they have had the most prototypes on the grids of the lemans badged races.

But Oreca must have put a serious dent in their ****nal. Because all those Formula lemans teans would have opted for used Lolas. And Lolas' real money was in manufacturing spare parts for their chassis.

Not to mention all the P2 Orecas in the lemans mix.

David Chaste - Unregistered

October 11, 2012 9:40 AM

Zytek was also in financial trouble. The big winners here will be Oak-Pescarolo and Oreca if they can hang tough. They are the real private chassis offerings left.

Oreca seemed to have moved away from offering P1 cars, but if Lola isn't in the mix anymore, Oak-Pescarolo will clean up if Oreca doesn't put a focus on P1.

Also with the unuion of Grand Am and ALMS, depending on the rules adopted Riley and Doran/Dallara could jump on the void left open.

Ronny - Unregistered

October 11, 2012 11:23 AM

I just think the world is changeing and europe is running out of money. It shows in wsbk, motogp, motox, rallying, karing, world touring cars, f1 and lemans etc.

America seems to have money for motorsport but europe no. Kinda crazy how its all changing. Maybe never to return to the good times??

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