Lotus yet to seal Honeywell title deal

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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