Lotus yet to sign Honeywell title deal

American high profile giant has yet to close the sponsorship deal with Lotus F1 team.

2012 Lotus F1 Team team photograph
2012 Lotus F1 Team team photograph

Photo by: XPB Images

Jan.25 (GMM) Lotus is yet to sign a title sponsorship deal with Honeywell, the American technology giant.

Last month, it emerged that the Enstone based team was close to a $30 million per year deal with Honeywell, hot on the heels of Lotus' high profile signing of a sponsor deal with Coca-Cola brand Burn.

But Switzerland's Speed Week now reports that the Honeywell deal is "still a way off".

Team boss Eric Boullier is quoted as agreeing: "There is still nothing signed."

Lotus is scheduled to launch its 2013 car, the Renault-powered E21, on Monday.

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About this article
Series Formula 1
Teams Lotus F1 Team
Article type Breaking news
Tags boullier, coca-cola, honeywell, lotus