Lotus yet to seal Honeywell title deal

Lotus F1 Team logo. Formula One World Championship, Rd16, Korean Grand Prix, Practice, Korea International Circuit, Yeongam, South Korea, Friday 12 October 2012.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 their 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. (GMM)

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