Drive Wire: Renault to Bail Out Struggling Lotus Squad

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More drama of all sorts from Formula 1. According to reports, Renault will bail out the struggling Lotus squad by paying their $4 million overdue tax bill. As part of the deal, Renault will take ownership of the squad. This could be just the kind of good press that Renault needs after their engine deal with Red Bull and Toro Rosso fell through.