Reports: Lola Cars Unable To Locate Buyer, Ceases Operations
October 9, 2012
According to multiple news outlets, the U.K.-based racecar builder released a statement today indicating it was unable to find a suitable buyer and decided to halt public trading on October 5.
Nancy Knapp Schilke at motorsport.com is reporting that Lola Cars International, which entered administration—with $32 million in debt—in May 2012, has effectively ceased operations after failing to locate a buyer for the troubled business.
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