Lola

Lola MG LMP675
Corporate Business

Lola Cars Enters Administration

May 16, 2012 Staff Comments Off on Lola Cars Enters Administration

Lola Cars has announced that it is going into financial administration as it continues to search for possible investors. The group, which was formed in 1958, said the latest economic downturn has caused a serious cash-flow problem that had forced it into making the decision. It also blamed the move on the HMRC not paying ongoing R&D tax credits. “It is with enormous regret that a decision has been taken to issue Notices of intention to appoint an Administrator to Lola Cars International Limited and Lola Composites Limited,” said Lola in a statement. “This step allows the board to continue its discussions with possible investors and prospective purchasers with a view to securing the best outcome for the staff, creditors and customers of both businesses.” Lola creations have claimed five LMP2 Le Mans 24 Hours titles since 2000. The company […]

No Picture
Classic Cars

Lola Turns Fifty

October 17, 2008 Staff Comments Off on Lola Turns Fifty

On Sunday 12 October, an estimated 10,000 spectators packed the streets of Huntingdon in Cambridgeshire to support Lola Cars landmark 50th Anniversary parade of racing cars. The impressive display of 16 cars represented the marque’s most iconic models from the past half century through to Lola’s all-new 2008 designs. Some of Lola’s most successful drivers were reunited with the winning line-up of cars supporting Lola’s Golden celebration. The Lola legends included John Surtees OBE, Richard Attwood, Hugh Dibley, Teddy Pilette, Chris Craft, Mike Blanchet, James Weaver, Julian Bailey, Anthony Reid and Peter Ashdown. Current racers included Le Mans Series driver Mike Newton, Malaysian A1 Grand Prix driver Fairuz Fauzy and Danny Watts. At midday and in brilliant autumn sunshine, Councillor Saeed Akthar, the Mayor of Huntingdon, waved the Union Jack to officially start the parade from Lola’s state-of-the-art headquarters in […]

No Picture
Racing and Competition

MG Lola Coupe Finishes Fourth

September 18, 2008 Staff Comments Off on MG Lola Coupe Finishes Fourth

Just a few days after its first roll-out, the fully upgraded RML MG Lola EX265C completed a faultless run to fourth place in the final race of the 2008 Le Mans Series. In a six-hour endurance that was punctuated by dramatic incidents and thrilling nose-to-tail racing, the much-admired new coupé performed without a hitch, rewarding the team’s hard work and meticulous preparation with a reliable and extremely competitive performance. “I’m delighted – chuffed to bits!” said a smiling Mike Newton, co-driver of the EX265C and CEO of AD Group, principal sponsors to RML’s sportscar programme. “The guys have done an amazing job to put this car together so quickly, and to achieve a trouble-free run is an exceptional achievement.” The team had always approached the Silverstone 1000 Kilometres as an extended, if very public, test session, but poor weather on […]

No Picture
Classic Cars

Specially Designed Lola Poster

March 18, 2008 Staff Comments Off on Specially Designed Lola Poster

Lola Cars has launched a specially designed 50th Anniversary poster at the Race Retro Show at Stoneleigh (14 to 16 March). The unique double sided A1 glossy poster depicts one Lola car from each of the fifty years, ranging from the first Lola sportcar built – the Mk1, through to the very latest LMP Coupe that will race for the first time in April of this year. The distinguished list of cars featured in the poster illustrates the true diversity of the company’s designs throughout the last From drawing boards to CAD stations, some of the UK’s most talented racecar designers have contributed to Lola’s 50 golden years in motorsport. Leading these talents from 1958 to 1997 was Eric Broadley, the founder of Lola Cars. During Broadley’s time at Lola his pupils included a long list of distinguished car designers […]

No Picture
Racing and Competition

Test the New Lola MG EX265

February 9, 2008 Staff Comments Off on Test the New Lola MG EX265

RML AD Group’s new MG Lola EX265 completed a faultless first shakedown test at the Silverstone circuit yesterday, Friday 8th February. The morning run left Brazilian driver Thomas Erdos thrilled by the responsiveness of the new XP-21 engine, and looking forward to the prospects of defending the LMP2 title in this season’s Le Mans Series. Thomas Erdos and co-driver Mike Newton took the series title last year with RML’s MG Lola EX264, having won the LMP2 class in the Le Mans 24 Hours in 2005 and 2006. Since then the EX264, itself a derivative of the EX257 that wowed the crowds at Le Mans as an MG works entry in 2001, has undergone significant further development. Arising from fresh links with Shanghai Automotive, MG’s new owners in China, the car has been re-homologated as the MG EX265. Most significant amongst […]